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General Fund in an insurance company? |
the general fund of a company is a required fund that they maintain at a certain balance to pay out people who cash in market investments. this is a safe, secure, and liquid account. there are gov regs that dictate the levels they have to maintain, and the amount of risk they can take in these accounts.
this is often confused with the general account which pays out insurance claims for the company. but is subject to similar limitations and regulations.
First answer by Tmadx83. Last edit by Tmadx83. Contributor trust: 1 [recommend contributor]. Question popularity: 1 [recommend question]
- General Fund (in accounting)
- General insurance
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