Statutory Insurance

Statutory Insurance,

Statutory Insurance:

  1. Insurance that must be contracted with insurers in accordance with national, state or federal legislation.

Literal Meanings of Statutory Insurance

Statutory:

Meanings of Statutory:
  1. Required, authorized or authorized by law.

Sentences of Statutory
  1. The court provided legal compensation to each claimant

Synonyms of Statutory

acceptable, permissible, allowable, admissible, legitimate

Insurance:

Meanings of Insurance:
  1. 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.

  2. Something to protect against possible emergencies.

Sentences of Insurance
  1. 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

Statutory Insurance,

What is The Definition of Statutory Insurance?

  • Definition of Statutory Insurance: Insurance that the policyholder must purchase in accordance with national, state or federal laws.

Literal Meanings of Statutory Insurance

Statutory:

Meanings of Statutory:
  1. Required by law, permission or advertisement.

Sentences of Statutory
  1. Regulatory price control

Insurance:

Meanings of Insurance:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of Insurance
  1. Many new borrowers buy unemployment or health insurance.

  2. Jacket hanging behind the seat, protected against air conditioning.

Synonyms of Insurance

(financial) protection, backstop, assurance, guarantee, warranty