Insurance that must be contracted with insurers in accordance with national, state or federal legislation.
Literal Meanings of Statutory Insurance
Meanings of Statutory:
Required, authorized or authorized by law.
Sentences of Statutory
The court provided legal compensation to each claimant
Synonyms of Statutory
acceptable, permissible, allowable, admissible, legitimate
Meanings of Insurance:
An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.
Something to protect against possible emergencies.
Sentences of Insurance
Maintaining a high standard of personal conduct is an excellent guarantee against personal problems.
Synonyms of Insurance
cover, safety measure, financial protection, preventive measure, indemnity, security, surety, shelter, safeguard, provision, protection, defence, immunity, indemnification, precaution