Statutory Statement Of Accounting Principle Ssap Edp Equipment

Definition of "Statutory statement of accounting principle (ssap) 16—edp equipment"

State law that limits the admitted value of an insurance company's EDP equipment to 3% of the company's ADJUSTED SURPLUS.

Search Real Estate Glossary

Related Real Estate Glossary terms

Tax Rate

Amount of tax to be paid based on taxable income. The tax rate usually changes as the unit of the ta ...

Insurance Policy

Written contract between an insured and an insurance company stating the obligations and responsibil ...

Unoccupancy

Absence of people for at least 60 consecutive days from a given property. Many property insurance po ...

Workers Compensation Insurance

Coverage providing four types of benefits (medical care, death, disability, rehabilitation) for empl ...

Vacate

To leave property. An example is a tenant who moves from the apartment and takes all her possessions ...

Right Of Rescission

Borrower's right to cancel, within three business days, a creditor contract in which his or her res ...

Related Real Estate FAQ

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is Homeowners Insurance?

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

What Is A CD?

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

How Much Can I Afford ?

Find out what type of home is in your budget by entering a few numbers into our calculator. Our calc ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! Home Prices - The Extra Costs How Does The Home Loan Underwriting Process Work? How is Square Footage Determined? Mortgage Loan Types

FAQ

What is a mortgagor? What is a private Mortgage? What is a Good Faith Estimate? What is an escrow officer? What are discount points?