Balance Sheet Reserves

Definition of "Balance sheet reserves"

Myra Daubenspeck real estate agent
Myra Daubenspeck, Real Estate Agent Berkshire ZHathaway Services

Amount expressed as a liability on the insurance company's balance sheet for benefits owed to policy owners. These reserves must be maintained according to strict actuarial formulas as they serve to guarantee that all benefit payments for which the insurance company has received premiums will be made.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions