California Codes > Insurance Code > Division 2 > Part 1 > Chapter 1 > Article 1 – Insurable Interests Peculiar to Marine Insurance
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Terms Used In California Codes > Insurance Code > Division 2 > Part 1 > Chapter 1 > Article 1 - Insurable Interests Peculiar to Marine Insurance
- Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
- Contract: A legal written agreement that becomes binding when signed.
- department: means State Department of Health Services. See California Health and Safety Code 20
- Oversight: Committee review of the activities of a Federal agency or program.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means any person, association, organization, partnership, business trust, limited liability company, or corporation. See California Insurance Code 19
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23