Reserve Liabilities Regulation

Definition of "Reserve liabilities regulation"

1. LIFE INSURANCE: specification by each state regarding the minimum assumptions that must be used in reserve calculations as theypertain to the maximum interest rate that can be assumed; the mortality table that can be used (the more conservative the table,the higher the death rates that will be shown that exceed the death rates actually expected); and (c) the reserve valuation that must beused (the minimum is established by the National Association of Insurance Commissioners' Standard Valuation Law).
2. PROPERTY AND LIABILITY INSURANCE specification by each state regarding the minimum assumptions that must be used in reservecalculations as they pertain to unpaid loss reserves and unearned premium reserves.

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