What does State Fund mean? Read on to discover the definition & meaning of the term State Fund - to help you better understand the language used in insurance policies.
A state fund is a financial operation of the state meant to provide insurance to its residents. In the US, it is meant mostly for workers' compensation. Some states do not allow private insurers to sell the same kind of insurance that the state fund provides.
We hope the you have a better understanding of the meaning of State Fund.