Contingency Reserve


Definition of "Contingency reserve"

Jonathan Morsinkhoff real estate agent
Jonathan Morsinkhoff, Real Estate Agent Coldwell Banker Residential Brokerage - Plano

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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