google bot detected Minimum Standards | Insurance Glossary | Realestateagent.com

Minimum Standards


Definition of "Minimum standards"

Lisa Aird
  Skysbright Realty

Lowest acceptable criteria that a risk must meet in order to be insurable. For example, life insurance companies require an applicant for individual (nongroup) coverages to be free of terminal illness.



Related Real Estate Glossary terms

Related Real Estate FAQ