Statutory Capital

Statutory Capital,

What is The Definition of Statutory Capital?

  • The insurance company needs the required capital and / or more to obtain and maintain a commercial license. This can be expressed in terms of the minimum dollar amount or credit rating or credit rating.

  • Definition of Statutory Capital: Principal and / or additional money required by insurers to obtain and maintain a commercial license. This can be expressed in terms of the minimum dollar amount or credit rating or credit margin. See also Capital.

Literal Meanings of Statutory Capital

Statutory:

Meanings of Statutory:
  1. Mandatory, authorized or required by law.

Sentences of Statutory
  1. The court compensates each claimant.

Synonyms of Statutory

allowable, legitimate, acceptable, permissible, admissible

Capital:

Meanings of Capital:
  1. The central city of a country or region, usually the seat of government and administrative center, more than any other place associated with a particular activity or product.

  2. Assets in the form of cash or other assets associated with a person or organization or available or provided for a specific purpose, e.g. B. To start a business or to invest.

  3. Letters of any size and shape that start sentences and names.

  4. Death penalty (for crime or charges)

  5. (One letter of the alphabet) Large and shaped to start sentences and nouns.

  6. It is used to express approval, satisfaction or happiness.

  7. Another section, usually wider, at the top of a column or column

Sentences of Capital
  1. Warsaw is the capital of Poland

  2. High return on investment capital

  3. Write the name in capital letters

  4. Murder is a great crime

  5. Assuming the work can be published, my name will appear on it with a capital N with some names.

  6. The column formed an important letter

Synonyms of Capital

block, the wherewithal, finances, assets, deep pockets, principal, funds, the means, money, stock, capital letter, most important city, upper-case letter, centre of administration, seat of government, first city, wealth, resources, reserves, finance, block capital, upper-case