Contingency Reserve


Definition of "Contingency reserve"

Sada  Hojaij real estate agent
Sada Hojaij, Real Estate Agent RE/MAX Team 2000

Percentage of total surplus retained, in insurance company operations, that serves as a reserve to cover unexpected losses as well as to cover the shortfall if the earned surplus in a particular year is not adequate to maintain a company's announced dividend scale for participating policies.

 

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