Insurance Backing or Insurance Backer Deficiency [HUD] Law and Legal Definition
Pursuant to 24 CFR 203.200 [Title 24 Housing and Urban Development; Subtitle B Regulations Relating to Housing and Urban Development; Chapter II Office of Assistant Secretary for Housing Federal Housing Commissioner, Department of Housing and Urban Development; Subchapter B Mortgage and Loan Insurance Programs under National Housing Act and Other Authorities; Part 203 Single Family Mortgage Insurance; Subpart A Eligibility Requirements and Underwriting Procedures; Insured Ten-Year Protection Plans (Plan)], the term Insurance Backing (or Insurance Backer) means “the direct insurance or reinsurance of potential Plan obligations by one or more insurance companies.”
Legal Definition list
- Insurance Backing or Insurance Backer Deficiency [HUD]
- Insurance Automobile
- Insurance Agent
- Insurance Adjustment Organization
- Insurance Adjusters
- Insurance Bad Faith
- Insurance Beneficiary (Health Care)
- Insurance Binder
- Insurance Broker
- Insurance Brokers
- Insurance Carrier
