monopolistic state fund

Definition

In certain states, the law requires companies to purchase workers compensation insurance from the government. This term refers to the state-run company that exists in those states for the purpose of selling the insurance. Private insurers are prohibited from selling insurance in these states.

Related Videos




http://www.businessdictionary.com/definition/monopolistic-state-fund.html

Have a question about this term? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z