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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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 ...

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 Insurance

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

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 ...

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 ...

Substandard Health Insurance (qualified Impairment Insurance)

Coverage for persons whose medical history includes serious illness such as heart disease or whose physical condition is such that they are rated belo ...

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