Deferred Policy Acquisition Costs

6 Months Ended

Jun. 30, 2011

14. Deferred Policy Acquisition Costs

The following table shows total deferred and amortized policy acquisition cost activity by period (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010

Deferred	$	(13,269	)	$	(11,842	)	$	(28,828	)	$	(27,697	)
Amortized		12,165			11,304			26,460			25,753

Net	$	(1,104	)	$	(538	)	$	(2,368	)	$	(1,944	)

- Definition

Disclosure of accounting policy for capitalizing costs incurred to write or acquire insurance contracts, the basis for and methodology for capitalizing such costs, the accounting for such deferred acquisition costs (DAC) when modifications or internal replacements of related insurance contracts occur and the effect on results of operations, and the methodology and amount of amortization. This disclosure addresses the nature, type, and amount of capitalized costs incurred to write or acquire insurance contracts.

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