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DAC

It stands for deferred acquisition costs; with respect to an insurance contract, it is a measure of cost that constitutes...

    Deferred Acquisition Costs

    With respect to an insurance contract, it is a measure of cost that constitutes deferred sales costs (acquisition costs) that...

      Acquisition Costs

      In relation to insurance, it constitutes the direct costs an insurer incurs to "acquire" the premium— such as fees and...