google bot detected Deficiency Reserve | Insurance Glossary |

Deficiency Reserve

Definition of "Deficiency reserve"

Shannon Mooneyham
  Only Way Realty

Addition to reserves of a life insurance company required by various states because the valuation premium is greater than the GROSS PREMIUM. Without a deficiency reserve, the normal reserve by itself would be less than the actual reserve required.

Related Real Estate Glossary terms

Related Real Estate FAQ