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  2. Gross dealer concession - Wikipedia

    en.wikipedia.org/wiki/Gross_Dealer_Concession

    Gross Dealer Concession or GDC is the revenue to a brokerage firm when commissioned securities and insurance salespeople sell a product, whether it is an investment like stocks, bonds, or mutual funds, or insurance like life insurance or long term care insurance. The commission that the agent receives is usually a percentage of this figure ...

  3. Deferred acquisition costs - Wikipedia

    en.wikipedia.org/wiki/Deferred_Acquisition_Costs

    Insurance companies face large upfront costs incurred in issuing new business, such as commissions to sales agents, underwriting, bonus interest and other acquisition expenses. DAC under U.S. GAAP , MSSB (Modified Statutory Solvency Basis) and IAS 39 are all very similar, except that IAS 39 only allows direct, incremental costs to be deferred ...

  4. Net capital rule - Wikipedia

    en.wikipedia.org/wiki/Net_capital_rule

    In connection with an investigation into the SEC's role in the collapse of Bear Stearns, in late September, 2008, the SEC's Division of Trading and Markets responded to an early formulation of this position by maintaining (1) it confuses leverage at the Bear Stearns holding company, which was never regulated by the net capital rule, with leverage at the broker-dealer subsidiaries covered by ...

  5. What is an insurance broker? - AOL

    www.aol.com/finance/insurance-broker-155457276.html

    Insurance brokers typically earn money in two primary ways: through commissions and broker fees. Commissions When a broker sells an insurance policy, they receive a commission from the insurance ...

  6. Do I Need an Insurance Broker or Agent? - AOL

    www.aol.com/insurance-broker-agent-140004937.html

    Brokers may earn a commission from insurance companies when they sell you a new policy. This commission essentially acts as a bonus from the insurer to the broker for bringing them new business.

  7. Lehman Formula - Wikipedia

    en.wikipedia.org/wiki/Lehman_Formula

    The Lehman Formula, also known as the Lehman Scale, is a formula to define the compensation a bank or finder should receive when arranging for and handling a large underwriting or stock brokerage transfer transaction for a client. The formula usually applies to the entire value of the stock.

  8. Gross premiums written - Wikipedia

    en.wikipedia.org/wiki/Gross_premiums_written

    In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the company's insurance subsidiaries have issued during the year.

  9. Commission sharing agreement - Wikipedia

    en.wikipedia.org/wiki/Commission_sharing_agreement

    A Commission Sharing Agreement (CSA), or in the US named Client Commission Agreement (CCA), is a type of soft dollar arrangement that allows money managers to separately pay the executing broker for trade execution and ask that broker to allocate a portion of the commission directly to an independent research provider. [1]