Guaranty Fund Assessments [Agriculture] Law and Legal Definition
According to 7 CFR 400.161 [Title 7—Agriculture; Subtitle B -- Regulations of the Department of Agriculture; Chapter IV -- Federal Crop Insurance Corporation, Department of Agriculture; Part 400 -- General Administrative Regulations; Subpart L -- Reinsurance Agreement -- Standards for Approval; Regulations for the 1997 and Subsequent Reinsurance Years], guaranty fund assessments means “the state administered program utilized by some state insurance regulatory agencies to obtain funds with which to discharge unfunded obligations of insurance companies licensed to do business in that state.”
Legal Definition list
Related Legal Terms
- 107th Meridian Escrow Fund
- 30-Year Contract [Agriculture]
- Abandoned Security Property [Agriculture]
- Absolute Guaranty
- Actual Yield [Agriculture]
- Additional Funds Needed [AFN]
- Adjusted Yield [Agriculture]
- Administrative Subdivision of Funds
- Administrative Takedown Funds [Transportation]
- Advance Refunding Offer
