What does Statutory Law mean? Read on to discover the definition & meaning of the term Statutory Law - to help you better understand the language used in insurance policies.
A statutory law, or a statute, is a law that is passed and voted in a legislative body and then finally approved by an executive body. It is not subject to multiple interpretations but is recorded and published for access to anyone that is affected by it.
We hope the you have a better understanding of the meaning of Statutory Law.