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Auto & Life Insurance Company fails to notify its new customers when they are charged higher premium rates as a result of their credit scores. This is a willful violation of
State Corporation Laws
Regulations established by individual states governing the formation, operation, and dissolution of corporations within their jurisdiction.
Comprehensive Income Items
Components of comprehensive income that represent all changes in equity during a period except those resulting from investments by owners and distributions to owners.
Revaluation Surplus
The increase in value of an asset, over its previously recorded cost, reflected in the financial statements.
Share Premium
The amount received by a company over and above the face value of its shares when issuing them.
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