Statutory Profit | Insurance Glossary

Definition of "Statutory profit"

Total earned premiums minus total expenses and losses paid of the insurance company.

See ordinary annuity. ...

Re-registration of existing shares when there is any change in the name of the owner (s). Such a cir ...

Coverage in liability insurance for a ship owner in the event of collision with another ship. A runn ...

Clause requiring an insured to cooperate with an insurance company by producing all evidence request ...

Degree of construction of residential property measured in number of units or dollar value. ...

Failure of the borrower to honor the terms of the loan agreement. Lenders usually view borrowers del ...

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

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