What is the Definition of Competitive State Fund?

What is the Definition of Competitive State Fund?

A facility established by a state to sell workers compensation in competition with private insurers.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Competitive State Fund?

What is the Definition of Competitive State Fund?

Check out other definition of insurance terms below:


What is the Meaning of COMMERCIAL PAPER In Insurance Terms?

Short-term, unsecured and, usually, discounted promissory note issued by commercial firms and financial companies often to finance current business. Commercial paper, which is rated by debt rating agencies, is sold through dealers or directly

placed with an investor.


What is the Meaning of COMMISSION In Insurance Terms?

Fee paid to an agent or insurance salesperson as a percentage of the policy premium. The percentage varies widely depending on coverage, the insurer, and the marketing methods.


What is the Meaning of COMMUNITY RATING LAWS In Insurance Terms?

Enacted in several states on health insurance policies. Insurers are required to accept all applicants for coverage and charge all applicants the same premium for the same coverage regardless of age or health. Premiums are based on the rate determined by the geographic region’s health and demographic profile.


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