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Black Brokers Council of South Africa

Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.
The BBCSA is an umbrella body representing various black brokers associations including the Black Brokers Forum, the Association of Black Brokers and the Black Insurance Professonals of Southern Africa

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From The Glossary »

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Full Preliminary Term:

A method of computing life insurance reserves where no portion of the first-year premium is used for accumulating the terminal reserve. The entire first-year premium (except for the one-year term cost of insurance) is available for expenses.
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