| gen. |
deferred acquisition income (Deferred Acquisition Income relates to commissions received on ceded reinsurance businesses but not yet earned as at reporting date.Deferred Acquisition Income are amortized systematically over the life of the contracts at each reporting date | Deferred acquisition income represents theproportion of acquisition income that relates to policies that are in force at the year end,and is recognised over the period in which the related premium is earned Alexander Demidov) |
