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Reg E gives you the right to dispute eligible transactions with your bank. It also limits your liability for fraudulent transactions. So, say that you see a debit card purchase for $100 on your ...
An Act to extend the authority for the flexible regulation of interest rates on deposits and accounts in depository institutions. Nicknames: American Arts Gold Medallion Act: Enacted by: the 95th United States Congress: Effective: November 10, 1978: Citations; Public law: 95-630: Statutes at Large: 92 Stat. 3641 aka 92 Stat. 3728: Codification ...
Internal Revenue Code (I.R.C.) Section 831(b) is a U.S. tax law that provides specific tax benefits to certain small insurance companies, [1] often referred to as "micro-captives". [2] Established to encourage the formation of small insurance companies, it offers an alternative risk-management solution that can supplement or even replace ...
The Group Life Insurance Handbook, Darlene K. Chandler, J.D., CLU, ChFC, The National Underwriter Company, 1997; Planning for Business Owners and Professionals, Ted Kurlowicz, James Ivers III, John J. McFadden, The American College, 2003; Section 79, IRC; Treasury Reg 1.79; Diminimus Fringe Benefits -Notice 89-110 / IRC Sec 132(e)
A chart of accounts (COA) is a list of financial accounts and reference numbers, grouped into categories, such as assets, liabilities, equity, revenue and expenses, and used for recording transactions in the organization's general ledger.
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In 1934, Congress created the Federal Savings and Loan Insurance Corporation to insure savings and loan deposits. In the 1980s, during the savings and loan crisis, the FSLIC became insolvent and was abolished; its responsibility was transferred to the FDIC. Some financial institutions offer insurance in excess of FDIC or NCUA limits.
In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the total liability of the insurer is the sum of the actuarial reserves for every individual policy. Regulated insurers are required to keep offsetting assets to pay off this future liability.