Surplus Lines Insurance. A policy that protects against a financial risk that is too high for a regular insurance company to take on.
Government of Guam. The Government of Guam (GovGuam) is a presidential representative democratic system, whereby the President is the head of state and the Governor is head of government, and of a multi-party system.
âFree association with administrative power, like Palau and the Marshall Islands. â Independence, which would make Guam a (minuscule) sovereign state. The vote would not be binding â only Congress can change Guamâs political status â but would be symbolic of the territoryâs sentiment.