policy reserve

An insurance company’s reserve that represents the difference between net premiums and expected claims for a given year.

• This type of reserve is kept esp. by life-insurance companies. [Cases: Insurance 1139. C.J.S. Insurance §§ 106–107, 116–118.]

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词条贡献者

资深译员Ting，世界知名语言学院法律英语专业，专注翻译各种与专业责任纠纷有关的法律文件。