Federal Savings And Loan Insurance Corporation (fslic)
Definition of "Federal savings and loan insurance corporation (fslic)"
Agency of the federal government formed as the result of bankruptcies of savings and loan associations during the 1930s. Insures deposits of customers up to $100,000 for each account. In 1986, 1987, 1988, 1989, and 1990, when numerous savings and loan associations failed or nearly failed, FSLIC backed up their deposits and prevented runs.
Popular Insurance Terms
Person who has been authorized by the insurance company to pay a loss (s) incurred by the insured. ...
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Section describing coverages under a policy. Elsewhere in the policy other sections may restrict or exclude coverages. ...
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