Countersignature Law


Definition of "Countersignature law"

Lily and Lenny Holden
  Star Realty

State law that requires that an insurance policy issued by an insurance company in a particular state be signed by an agent of the company holding a license in that state.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Net Gain From Operations

Statutory accounting principles (SAP), as listed in the insurance company's annual financial stateme ...

Ability To Pay

Real estate buyer's financial ability to make interest and principal payments on a mortgage. ...

Group Annuity Table, 1971

Historical mortality table that replaced the group annuity table, 1951, whose statistics at that tim ...

Security Agreement

Legal contract in which the lender controls the pledged property being financed. The agreement descr ...

Mobile Home

Pre-manufactured structure, often constructed of metal that is placed either on a minimal or no foun ...

Assessment Ratio

Relationship between a real estate's assessed valuation and its market value. ...

Related Real Estate FAQ

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving y ...

What Is A Title?

A title is the right of property ownership. ...

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

What Is A Ginnie Mae?

A Ginnie Mae is a name for the Government National Mortgage Association (GNMA), which is a governmen ...

What Is A Wraparound Mortgage?

A wraparound mortgage is a new mortgage that includes the remaining balance on an old mortgage, plus ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? How to become a real estate agent 5 signs of house foundation problems How To Choose A Realtor When to buy a house

FAQ

What is a cap? What is a contingency? What is an assessed value? What is a loan-to-value (LTD) ratio? What do I need to know about Group Health Insurance?