GAAP Accounting
GAAP expands with Generally Accepted Accounting Principles as propagated by the Financial Accounting Standards Board.

GAC
GAC expands with Guaranteed accumulation contract

Gap Insurance
An automobile insurance opportunity, accessible in some states, that covers the difference between a car’s actual cash value when it is stolen or wrecked and the amount the consumer owes the leasing or finance company.

Generic Auto Parts
Automobile break down parts produced by firms that are not related with car producers. Insurers consider these parts, when certified, at least as good as those that come from the original equipment manufacturer.

General Expense Ratio
General expenses as a proportion of the sum of straight premiums and annuity and fund deposits.

General Expenses
General insurance expenses excluding agent commissions, company administrative expenses, including office management.

Glass Insurance
Coverage for glass rupture caused by all risks produced by fire and war are sometimes expelled. Assurance can be bought for windows, structural glass, leaded glass, and mirrors.

Grace Period
Different to well-liked belief, there is often no grace period for insurance premiums, such as auto insurance. So, if your compensation has not been acknowledged and cashed by your insurer, you are likely not insured.

Graduated Driver Licenses
Licenses for younger drivers that allow them to pick up their skills. Young drivers accept a learner’s permit, followed by a conditional license, before they can receive a standard driver’s license.

Group Annuity
A pension plan given that annuities at retirement to a collection of people under a master agreement. It is frequently issued to an employer for the benefit of employees. The personality members of the group hold certificates as confirmation of their annuities

Group Insurance
A solo policy covering a group of persons, regularly employees of the same company or members of the same organization and their dependents.

Guarantee Period
Period for the duration of which the level of interest specified beneath a permanent annuity is guaranteed

Guaranty Fund
A guaranty fund is used when bankrupt insurance companies cannot reimburse their claims. The fund is handled by the condition and is created with money composed from insurance companies licensed in that state.

Guaranteed Insurability
An alternative that permits the policyholder to purchase supplementary stated amounts of life insurance at confirmed times in the potential without evidence of insurability.