Insurance

general expenses: General insurance expenses excluding agent commissions
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general expense ratio: General expenses as a percentage of the sum of direct premiums and annuity and fund deposits.
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GSE: Government-sponsored enterprises (Freddie Mac and Fannie Mae)
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GIC: Guaranteed investment contract
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GAC: Guaranteed accumulation contract
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GAAP accounting: Generally Accepted Accounting Principles as promulgated by the Financial Accounting Standards Board (FASB).
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frequency: The number of mortgages in a class that go to claim over a given period of time divided by the total original number of mortgages in that class.
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fraud: Dishonest act by policyholders to obtain payment of an insurance claim that would otherwise not be covered by insurance. It also could involve lying or misrepresentation by an insurance company or its officials.
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fraternal life insurance: Life insurance provided by fraternal orders or societies to their members.
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franchise insurance: Insurance contracts issued to members of a specific group (such as employees of a common employer or members of an association) under a group-like arrangement in which the employer or the association collects and remits premiums.
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