What does SAA mean? Read on to discover the definition & meaning of the term SAA - to help you better understand the language used in insurance policies.
The Surety Association of America a trade association comprised of companies that collectively write a significant proportion of surety and fidelity bonds in the US. The name changed to the Surety & Fidelity Association of America (SFAA) on May 18, 2006. The bonds it issues help in promoting economic development and facilitating commerce. In addition, they also protect taxpayers, business establishments and consumers by:
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of SAA. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: