GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Modified Accelerated Cost Recovery System (MACRS)

Depreciation by IRS schedule according to the type of asset; ach MACRS class has a predetermined schedule used to determine the percentage of the asset’s cost to be written off each year.

Do you need an answer immediately?

Check out our FAQ page!

INSURANCE
PRODUCERS!

We want to hear from YOU!

Be part of our Producer Profile survey and help us create a rich industry resource detailing performance, compensation, sales production, education, training, and more.