Business Definition for: statutory law
Dictionary of Insurance Terms
statutory law ...
Statutory Law
The laws, rules and regulations enacted by legislatures and other governing bodies.
Statutory law consists of all the prohibitions enacted by a legislature.
Step method of service department cost allocation ...
A statutory law that prohibits insurance companies from taking into consideration gender when developing insurance classifications, rates or types of coverage for certain types of insurance.
The federal government of the United States does not have specific statutory law governing the establishment of partnerships.
Common Law
A system of jurisprudence based on judicial precedents rather than statutory laws. Common law originated in the unwritten laws of England.
Common Law - The body of law based on customs, usages, and court decisions rather than statutory laws.
 See also: Expense, Common law, Saving, Proprietorship, Values
  
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