Reserve Liabilities Regulation


Definition of "Reserve liabilities regulation"

Sherri Moran
Sherri Moran Keller Williams Realty Mooresville

  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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Appointed Actuary

Actuary, appointed by the life insurance company, required by the national association of insurance commissioners (naic) under the naic: standard valu ...

Divisible Surplus

Proportion of an insurance company's total surplus at the end of each year's operation that is distributed to policy owners of participating life insu ...

Pool

Syndicate or association of insurance companies or reinsurance companies organized to underwrite a particular risk, usually with high limits of exposu ...

Short Rate Cancellation

Cancellation by the insured of a property or disability insurance policy for which the returned unearned premium is diminished by administration costs ...

Noncontribution Mortgage Clause

Endorsement to standard fire policy to protect the interests of a mortgage lender without providing for apportionment. A mortgage lender may choose to ...

Profitability Underwriting

Degree of underwriting profit that an insurance company's book of business shows. ...

Popular Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What is a loan origination fee? What type of Life Insurance is right for me? How big is an acre? What are comparables or comps? What is an assessed value?