Minimum Group


Definition of "Minimum group"

Smallest number of individuals for which an insurance company will issue a policy. A minimum number is required because the fixed expenses of placing a policy on the books exist regardless of the size of a group.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Agreement

Same as term Insuring agreement: section describing coverages under a policy. Elsewhere in the policy other sections may restrict or exclude coverages ...

Bail-out Provision

Clause found in an annuity contract that enables the owner of that contract to withdraw his or her money without surrender penalties, if the annual in ...

National Building Code

Set of standard safety guidelines adopted by many states to help provide uniformity in building construction and guard against fire hazards and other ...

Guiding Principles

Title of a published set of rules, adhered to by member companies of major property and liability associations, that stipulate how losses should be ad ...

Transportation Ticket Insurance

Accident policy that covers a traveler for a single trip on an airplane or other common carrier. The name comes from its origin as part of the ticket ...

Umbrella Reinsurance

Protection for all classes of business including automobile, fire, general liability, homeowners, multiple peril, burglary, and glass, by combining th ...

Popular Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

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 your home, you need to safeguard it with the prope ...

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

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

What is Freddie Mac? What is a commitment letter? What is a down payment? What is a qualifying ratio? What is a private Mortgage?