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»Acceleration Clause
The part of a contract that says when a loan may be declared due and payable.
»Adjuster
A representative of the insurer who seeks to determine the extent of the insurer's liability for loss when a claim is submitted.
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B
»Best's Capital Adequacy Relativity (BCAR)
This percentage measures a company's relative capital strength compared to its industry peer composite. A company's BCAR, which is an important component in determining the appropriateness of its rating, is calculated by dividing a company's capital adequacy ratio by the capital adequacy ratio of the median of its industry peer composite using Best's proprietary capital mode. Capital adequacy ratios are calculated as the net required capital necessary to support components of underwriting, asset, and credit risks in relation to economic surplus.
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Y
»Yield on Invested Assets (IRIS)
Annual net investment income after expenses, divided by the mean of cash and net invested assets. This ratio measures the average return on a company's invested assets. This ratio is before capital gains/losses and income taxes.
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GA Insurance Ltd.
P.O.Box 42166 - 00100 Nairobi
4th Fl. GA Insurance House
Ralph Bunche Road
Tel.:
(020) 2711633/ 4
Mob.:
(0) 721 677273,
(0) 736 711633
Fax:
(020) 2714542
Email:
insure@gakenya.com
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