Zone System

Definition of "Zone system"

Method for triennial examination of insurance companies as established by the national association of insurance commissioners (NAIC). Teams are composed of representatives from several state insurance commissioners' offices. Their findings are acceptable by all the states in which the examined insurance companies are licensed to conduct business.

Search Real Estate Glossary

Related Real Estate Glossary terms

Current Assumption Whole Life Insurance

Variation of ordinary life insurance under which current mortality experience and investment earning ...

Valuable Considerations

Value is exchanged by the parties to an agreement involving current or future performance making it ...

Curb Line

Property boundary demarcated by the curb. ...

Testamentary Capacity

Having the intellect to comprehend the terms and conditions of a will and their impact. A testator m ...

Settlement Costs

Total costs charged to the borrower that must be paid at closing, by the borrower, the home seller, ...

Statute Of Limitations

Legal time restriction for prosecuting an improper act, or civil or criminal offense. Proceedings mu ...

Related Real Estate FAQ

What Is Title Insurance?

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

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

How To Get A Loan with Bad Credit What do Real Estate Attorneys do? Why Use a Real Estate Agent? How to become a real estate agent What is Earnest Money

FAQ

What is a front-end ratio? What is Loan Amortization? What is a private Mortgage? What is a treasury index? What is PITI and what does it stand for?