Fictitious Grouping Law (FGL)

Fictitious Grouping Law (FGL),

What is Fictitious Grouping Law (FGL)?

  • Meaning of Fictitious Grouping Law (FGL): The law of fictitious associations prohibits the formation of groups for the sole purpose of insuring. FGL prohibits or restricts the sale of insurance to groups that do not have legal status as a group. Many states have laws that deal with unfair ways in buying or selling insurance. These laws, among other things, restrict the sale of insurance to groups without common property, interest or purpose. Because subsidiary insurance programs involve the purchase of insurance by one company for many separate and distinct companies, incorrect laws may limit, prevent, or restrict the use of balance sheets in certain areas. Such restrictions often appear in the section on unjust practices of insurance laws or in those parts of the law called ghost laws. For example, see the Idaho Code section. Section 41-1317.

    FICTIM Group

    (1) No insurer, whether licensed insurer or non-government insurer, a company, firm or association of individuals may submit a subscription form for property, loss or insurance coverage through a scheme, which Based on a fee or award. Rating, company, company or person. For the purposes of this section, a conceptual group is a group in which the members of the group do not have the same unhealthy interest in the insurance item and the insured risk or danger that is insured or should be insured.

Literal Meanings of Fictitious Grouping Law (FGL)

Fictitious:

Meanings of Fictitious:
  1. It is not real or false, imaginary or invention.

Sentences of Fictitious
  1. He was found guilty of stealing thousands of tax dollars by hiring a fictitious salaried employee

Synonyms of Fictitious

fake, sham, false, counterfeit, fabricated

Grouping:

Meanings of Grouping:
  1. A group of people who work together on the same interests or goals, especially in large organizations.

Sentences of Grouping
  1. A group of Protestant churches

Synonyms of Grouping

affiliation, bloc, set, camp, caucus, grouping, alliance, cabal, coalition, junta, political party, movement, side, association, faction, sect, group

Law:

Meanings of Law:
  1. A set of rules recognized by a particular state or community as regulating the actions of its members and which can be enforced by imposing sanctions.

  2. Rules that describe the correct practice or behavior in sports.

  3. A factual statement from observation that whenever certain conditions are met, some natural or scientific phenomena are found.

  4. All divine commandments are expressed in the Bible or other religious texts.

  5. Hilly, usually round or conical.

Sentences of Law
  1. Tried to break the law

  2. Law of the game

  3. The Second Amendment Law

  4. Morally, Simon was probably a Covenant, an enemy of Old Testament law.

  5. Today I traveled to Northbrook Law

Synonyms of Law

elevation, tor, hummock, principle, precept, constitution, fact, legal code, doctrine, creed, charter, pike, mound, rising ground, canon, regulation, rise, eminence, convention, prominence, certainty, certitude, hillock, legislation, commandment, instruction, tenet