Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

policy reserve

Read a random definition: 707(b) action

A quick definition of policy reserve:

A policy reserve is money that an insurance company sets aside to cover future claims. It's like a savings account for the insurance company, so they have enough money to pay out claims when they come up. This reserve is based on how much money the insurance company expects to collect in premiums and how much they expect to pay out in claims. It's important for insurance companies to have a policy reserve so they can keep their promises to their customers and pay out claims when needed.

A more thorough explanation:

A policy reserve is a fund of money set aside by an insurance company to cover future liabilities. It represents the difference between net premiums and expected claims for a given year. This type of reserve is kept especially by life insurance companies.

For example, if an insurance company collects $100 in premiums from policyholders and expects to pay out $80 in claims, it will set aside $20 as a policy reserve to cover any unexpected claims or losses.

Policy reserves are important for insurance companies to ensure they have enough funds to pay out claims and meet their obligations to policyholders. They are regulated by state insurance departments to ensure that insurance companies have adequate reserves to cover their liabilities.

policy proof of interest | policy stacking

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
LSD+ is ad-free, with DMs, discounts, case briefs & more.