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GAAP See Generally Accepted Accounting Principles. GAAP is important in insurance accounting, because the states, who regulate insurance, use STAT accounting which is more conservative.

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It is a legal requirement that all car owners have car insurance if they wish to drive their vehicle on UK roads. The minimum level of cover required is third-party insurance.

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Events Before the attack. Farook and Malik left their six-month-old daughter with Farook’s mother at their Redlands home the morning of the attack, saying they were going to a doctor’s appointment.

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