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Definitions for "Legal Reserve"
Keywords:  reserve, minimum, claims, future, redundant
Related Terms: Policy reserves, Legal reserve life insurance company, Reserve, Reserves, General insurance, Other insurance, Insurer, Claims-made policy, Annuity policy, Assured, Umbrella policy, Surplus lines, Umbrella liability policy, Liberalization clause, Declination, Conditions, Umbrella coverage, Assigned risk, Insurance premium, Other insurance clause, Insurance coverage, Owner, Settlement, Guaranty fund, Life insurance policy, Continuously insured, Insurance company, Insuring agreement, Cover, Additional insured, Insurer, Insured, Nonadmitted insurer, Certificate of insurance, Primary insurance, Life insurance, Policy conditions, Aggregate , Net amount at risk, Cover note, Policy, Retention, Declaration page, Life settlement, Excess insurance, With-profits policy, Incontestability clause, Cancellation, Floating policy, Policyholders' surplus
The amount an insurance company must keep available to meet future claims and obligations.
newyorklife.com
Minimum reserves required by state law or regulation that life insurers must maintain to operate in that state.
gmac123.com
The amount of money that must be maintained by a life insurance company each year for future claims and the increased risk as the insured's age advances. Standards are established by the insurance laws of the various states.
agnitek.com
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