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Glossary


FAS 5 refers to standards for recording for contingencies.

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A feasibility study is undertaken to determine whether a contemplated risk financing program is feasible for an organization or group of organizations.

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The Federal Arbitration Act is a statute enacted in 1925 by Congress that facilitates private dispute resolution through arbitration.

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Federal crop insurance provides coverage for farmers that is overseen and subsidized by the federal government and marketed and serviced by private insurers and agents.

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The Federal Emergency Management Agency is an agency of the US Department of Homeland Security that provides a single point of accountability for all federal emergency preparedness, mitigation, and response activities.

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The Federal Employers Liability Act of 1908 is a federal statute that provides for a liberalization of the rules for determining tort liability applicable to the liability of railroads to their employees for personal injury (PI).

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The federal excise tax is a tax imposed on premium payments to offshore insurers: 4 percent on direct premiums and 1 percent on reinsurance premiums.

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The Federal Highway Adminiistration coordinates highway transportation programs in cooperation with states and other partners to enhance the country's safety, economic vitality, quality of life, and environment.

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The Federal Home Loan Bank is a system of regional banks available to assist local American lending institutions when the need to borrow funds arises.

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The Federal Insurance Contribution Act of 1935 establishes a payroll tax to assist in the funding of Social Security benefits.

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