What is the Definition of General Account?

What is the Definition of General Account?

An undivided investment account in which insurers maintain funds that support contractual obligations for guaranteed insurance products such as whole life insurance or fixed-rate annuities. Contrast with Separate account.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of General Account?

What is the Definition of General Account?

You can find random definition and meaning of insurance terms below:


Meaning of Nursing Home Insurance in Insurance Terms

A form of long-term care policy that covers a policyholder’s stay in a nursing facility.


Meaning of Occupational Disease in Insurance Terms

Abnormal condition or illness caused by factors associated with the workplace. Like occupational injuries, this is covered by workers compensation policies. (See Workers compensation)


Meaning of Occurrence Policy in Insurance Terms

Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later. (See Claims made policy)


Thank you for visiting our website and read this FAQ article about "What is the Definition of General Account?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter