Contingency Reserve


Definition of "Contingency reserve"

Tanya Jasper real estate agent
Tanya Jasper, Real Estate Agent HomeSmart Homes and Estates Montgomery

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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