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LSDefine

Simple English definitions for legal terms

paid-in fund

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A quick definition of paid-in fund:

A paid-in fund is a reserve cash fund set up by a mutual insurance company to pay for unexpected losses. It is like a savings account that the company uses instead of having a capital stock account.

A more thorough explanation:

Definition: A reserve cash fund established by a mutual insurance company to pay unforeseen losses. The fund is in lieu of a capital stock account.

Example: A mutual insurance company sets up a paid-in fund to cover unexpected losses that may occur. This fund is created by the contributions made by policyholders and is used to pay claims that exceed the company's regular reserves. The paid-in fund is an alternative to a capital stock account, which is used by other types of insurance companies to cover losses.

Explanation: The paid-in fund is a type of reserve fund that is established by mutual insurance companies. It is used to cover losses that are not covered by the company's regular reserves. The fund is created by the contributions made by policyholders, and it is managed by the company's board of directors. The paid-in fund is an important source of financial stability for mutual insurance companies, as it helps them to cover unexpected losses without having to rely on external sources of funding.

paid-in capital | paid-in surplus

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[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
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