California Codes > Insurance Code > Division 2 > Part 6 > Chapter 1 > Article 3.5 – Unearned Premium Reserve and Reserve for Unpaid Losses and Loss Expense
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Terms Used In California Codes > Insurance Code > Division 2 > Part 6 > Chapter 1 > Article 3.5 - Unearned Premium Reserve and Reserve for Unpaid Losses and Loss Expense
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Approved: means acceptable to the department. See California Health and Safety Code 17920
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Building: means a structure subject to this part. See California Health and Safety Code 17920
- Building standard: means building standard as defined in Section 18909. See California Health and Safety Code 17920
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20
- Contract: A legal written agreement that becomes binding when signed.
- County: includes city and county. See California Health and Safety Code 14
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Department: means the Department of Housing and Community Development. See California Health and Safety Code 17920
- Domestic: means organized under the laws of this State, whether or not admitted. See California Insurance Code 26
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Foreign: means not organized under the laws of this State, whether or not admitted. See California Insurance Code 27
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Noise insulation: means the protection of persons within buildings from excessive noise, however generated, originating within or without such buildings. See California Health and Safety Code 17920
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Probate: Proving a will
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
- State: means the State of California, unless applied to the different parts of the United States. See California Insurance Code 28