Surplus reserve definition

Surplus reserve means the amount traditionally set aside by insurers to provide financial protection from unex- pected losses and to serve, in part, as a measure of an insurer's net worth.
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Surplus reserve means the amount traditionally set aside by commercial property and casualty insurance companies to provide financial protection from unexpected losses and to serve, in part, as a measure of an insurance company's net worth.
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Surplus reserve means the amount traditionally set
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More Definitions of Surplus reserve

Surplus reserve means the amount traditionally set aside by
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Surplus reserve means the amount, if any, set forth in the Contract Data Sheet;
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Related to Surplus reserve

  • Surplus funds means, at any given date, the excess of cash and other recognized assets that are expected to be resolved into cash or its equivalent in the natural course of events and with a reasonable certainty, over the liabilities and necessary reserves at the same date.

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Surplus Cash means, with respect to any period, any revenues of Borrower remaining after paying, or setting aside funds for paying, all the following:

  • road reserve means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary.

  • Loss Reserve means, on any date, an amount equal to the Loss Percentage multiplied by the Net Receivables Balance as of the close of business of the Servicer on such date.