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LSDefine

Simple English definitions for legal terms

policy reserve

Read a random definition: Benthamism

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

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] 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.
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