State Fund


Definition of "State fund"

Account established and administered by a state agency to finance a mandatory insurance program, for example, workers compensation insurance.

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Nonoccupational Disability

Condition that results from injury or disease that is not job related. Workers compensation applies to employees disabled by on-the-job injuries or di ...

Workers Compensation Insurance

Coverage providing four types of benefits (medical care, death, disability, rehabilitation) for employee job-related injuries or diseases as a matter ...

Monopolistic State Fund

State operated insurance company used in workers compensation insurance in some states where the risks are so great that the commercial insurance comp ...

Mutual Funds

Investment companies investing in investment instruments including real estate. Mutual funds are popular to investors and represent equity in a profes ...

Workers Compensation Benefits

Income, medical, rehabilitation, death, and survivor payments to workers injured on the job. State workers compensation laws, which date from early in ...

Combination Policy (plan)

a contract in life insurance that includes elements of whole life and term insurance. in pensions, a combined life insurance policy and a side (auxi ...

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