State Mutual | Insurance Glossary

Definition of "State mutual"

Assessment mutual company that operates on a statewide basis or in more than one state.

Personal view regarding how losses occur and the validity of loss prevention and reduction; also, wh ...

Actuarial equivalent method of calculating the premium rate through the development of the following ...

Insurance company's total number of agents. ...

Annuity under which payments are made in the beginning of each period (month, quarter, or year). ...

An interior wall dividing an area into two or more rooms or separate areas. The division of rea ...

Same as term financial statement : Report containing financial information about a business or indi ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

A title search is the process of reviewing court records and other records to ensure that there are ...

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

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