Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Statutory Accounting Practices (SAP)

Principles required by statute that must be followed by an insurance company when submitting its financial statements to the various state insurance departments. Such principles differ from the Generally Accepted Accounting Principles (GAAP).
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Statute of Limitations

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Statutory Reserve

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