GAMA International A worldwide
professional association serving field managers in the life and financial
services industry. It provides a wide variety of education and training
programs, including publications, seminars and resources to facilitate
the sharing of ideas and techniques on recruiting, selecting, training
and supervising sales associates and professional development of field
managers.
garage liability (GL)
A special policy written to cover auto salesrooms, used car lots, service
stations, or repair garages for bodily injury and property damage with
premiums based on payroll of the business.
general agent An agent who supervises
other agents in a given territory and acts as an exclusive agent in
this territory.
general damages Money paid to
a claimant for losses that cannot be specifically measured, such as
pain and suffering.
grace period Prescribed period of
time after the premium due date during which the coverage remains in
force and the late premium may be paid.
gross earnings Revenue from operating
sources, before deducting expenses incurred in gaining such revenue.
group insuranceAn insurance
plan by which a large number of persons are protected under one master policy.
guaranteed insurability
(guarantee issue) An arrangement, usually provided by rider under an
existing policy, whereby additional insurance may be purchased at various
times, without a new medical examination or other evidence of insurability.
