A fund created by state insurance regulators to cover the claims of policyholders when an insurance company is no longer solvent. It is done through collecting assessments on different companies in the state. Each state has a unique operation of central loss funds.
Related information about central loss fund:
- Central Loss Fund Definition | Investopedia
A central loss fund is created by state insurance regulators through the collection of assessments on insurance companies operating in the state.
- What is central loss fund? definition and meaning
Definition of central loss fund: A fund created by state insurance regulators to cover the claims of policyholders when an insurance company is no longer solvent.
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central planning. central loss fund · Central Provident Fund (CPF). Definition. The guidance of the economy by direct government control over a large portion of ...
- Central Loss Fund: Definition from Answers.com
Guaranty Fund 1. Mutual savings bank reserve fund required by some states as cushion against short-term losses.
- MIRMA.org | Missouri Intergovernmental Risk Management ...
MIRMA pays all member claims from a central loss fund, with the exception of Airport Liability. MIRMA purchases a fully insured group policy to provide Airport ...
- Who We Are » MIRMA.org | Missouri Intergovernmental Risk ...
With the exception of Airport Liability, MIRMA pays the majority of member claims from a central loss fund. In addition to MIRMA'S self-insured retention limits, ...
- Printable Joint Powers Agreement - Wyoming Local Government ...
(c) To create and maintain a central loss fund to pay the cost of the. self insured portion of losses covered by any insurance policy purchased by the board; ...
- Certificate of Appreciation - City of Brentwood
Jan 25, 2005 ... insured maximum; (c) creating and maintaining a central loss fund to pay the ... and make or recommend payments from the Central Loss Fund; ...