Definition of insurance reserve. Meaning of insurance reserve. Synonyms of insurance reserve

Here you will find one or more explanations in English for the word insurance reserve. Also in the bottom left of the page several parts of wikipedia pages related to the word insurance reserve and, of course, insurance reserve synonyms and on the right images related to the word insurance reserve.

Definition of insurance reserve

insurance reserve
Reserve Re*serve", n. 1. (Finance) (a) That part of the assets of a bank or other financial institution specially kept in cash in a more or less liquid form as a reasonable provision for meeting all demands which may be made upon it; specif.: (b) (Banking) Usually, the uninvested cash kept on hand for this purpose, called the real reserve. In Great Britain the ultimate real reserve is the gold kept on hand in the Bank of England, largely represented by the notes in hand in its own banking department; and any balance which a bank has with the Bank of England is a part of its reserve. In the United States the reserve of a national bank consists of the amount of lawful money it holds on hand against deposits, which is required by law to be not less than 15 per cent (--U. S. Rev. Stat. secs. 5191, 5192), three fifths of which the banks not in a reserve city (which see) may keep deposited as balances in national banks that are in reserve cities (--U. S. Rev. Stat. sec. 5192). (c) (Life Insurance) The amount of funds or assets necessary for a company to have at any given time to enable it, with interest and premiums paid as they shall accure, to meet all claims on the insurance then in force as they would mature according to the particular mortality table accepted. The reserve is always reckoned as a liability, and is calculated on net premiums. It is theoretically the difference between the present value of the total insurance and the present value of the future premiums on the insurance. The reserve, being an amount for which another company could, theoretically, afford to take over the insurance, is sometimes called the reinsurance fund or the self-insurance fund. For the first year upon any policy the net premium is called the initial reserve, and the balance left at the end of the year including interest is the terminal reserve. For subsequent years the initial reserve is the net premium, if any, plus the terminal reserve of the previous year. The portion of the reserve to be absorbed from the initial reserve in any year in payment of losses is sometimes called the insurance reserve, and the terminal reserve is then called the investment reserve. 2. In exhibitions, a distinction which indicates that the recipient will get a prize if another should be disqualified. 3. (Calico Printing) A resist. 4. A preparation used on an object being electroplated to fix the limits of the deposit. 5. See Army organization, above.

Meaning of insurance reserve from wikipedia

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- In insurance, an actuarial reserve is a reserve set aside for ****ure insurance liabilities. It is generally equal to the actuarial present value of the...
- current form in 1975, when the separate National Insurance (Industrial Injuries) and National Insurance (Reserve) Funds were merged with it. In the Beveridge...
- specified in Basel III). To qualify for deposit insurance, member banks must follow certain liquidity and reserve requirements. Banks are classified in five...
- the insurance field under the BFSI sector. The retail sector includes various products like health insurance, vehicle insurance, travel insurance, home...
- general insurance, life & retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and...
- Deposit Insurance and Credit Guarantee Corporation (DICGC) is a specialised division of Reserve Bank of India which is under the jurisdiction of Ministry...
- took a huge bite out of the reserves for claims held by 30 insurance companies doing business in Florida. Eleven insurance companies were bankrupted, while...
- In the business of insurance, statutory reserves are those ****ets an insurance company is legally required to maintain on its balance sheet with respect...
- disease, and life insurance plans. Mutual Savings Fire Insurance Company Mutual Savings Life Insurance Company Reserve National Insurance Company The Reliable...