The amount of money remaining after an insurer’s liabilities are subtracted from its assets. It acts as a financial cushion above and beyond reserves, protecting policyholders against an unexpected or catastrophic situation.
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About this Entry
This page contains a single entry by David published on July 12, 2005 5:03 PM.
POLICY was the previous entry in this blog.
POLITICAL RISK INSURANCE is the next entry in this blog.
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