Charges typically are asset based (or, expressed as a percentage of account value, e.g., 15 basis points is the same as 0.15%). A guaranteed minimum income benefit (GMIB) rider is designed to provide the investor with a base amount of lifetime income when they retire regardless of how the investments have performed.
Define state house. state house synonyms, state house pronunciation, state house translation, English dictionary definition of state house. also state house n. A building in which a state legislature holds sessions; a state capitol. n NZ a house built by the government for renting
Home rule transfers authority over municipal matters from state laws to a local charter that's drafted, adopted, and amended by voters in the municipality. A home rule charter is essentially a local constitution: it sets up the government structure and outlines its authority and its limitations. Under home rule, a county or municipality can do anything that's not specifically denied by the state constitution, the General Assembly, or the charter itself. By contrast, municipalities run by municipal codes (state laws) can only act where specifically authorized by state law.