Enacted by statute; depending on statute for its authority; as, a statutory provision.
Created or defined by a law, or relating to a statute
Relating to law contained in statute.
Enacted, created, regulated, or defined by statute.
Enacted by legislation.
Statutory Accounting Principles ("SAP") are accounting principles prescribed or permitted by an insurer's domiciliary state. Statutory accounting practices are interspersed in the insurance laws, regulations, and administrative rulings of each state and are usually based on the National Association of Insurance Commissioners ("NAIC") Accounting Practices and Procedures manual. The objectives of GAAP reporting differ from the objectives of SAP. SAP is designed to address the concerns of regulators, who are the primary users of statutory financial statements. GAAP stresses measurement of emerging earnings of a business from period to period, (i.e., matching revenue to expense), while SAP stresses measurement of ability to pay claims in the future.
Relating to a statute; created or defined by a law.
Related to legislation or prescribed in law or regulation
Laws or regulations that are created and enacted by legislatures.
Authorised by law
relating to a statute, prescribed by a statute or Ordinance Employers have a statutory duty to ensure that staff do not suffer health hazards at work. statute (n)
relating to or created by statutes; "statutory matters"; "statutory law"
prescribed or authorized by or punishable under a statute; "statutory restrictions"; "a statutory age limit"; "statutory crimes"; "statutory rape"
Required by law.
Relating to a law enacted by a legislative body.
These are obligations which the law requires are carried out; failure to do so may result in prosecution.
This refers to the laws passed by Congress which govern real estate acquisition activities for Federal and Federally assisted programs and projects. The primary statute governing Federal and Federally assisted real estate acquisition activities is the Uniform Act.
Relates to conditions, powers or procedures which are provided for in legislation.
That which is fixed by statutes, as opposed to Common Law.
relating to a law (that is, to a statute)
Regulated or imposed by a legislatively established rule or law.