Legally demanded amount of liquid cash or asset an insurance company must have on-hand for the long term. This is to cover unforeseen, wide-spread, catastrophic disasters that might likely drain the standing reserve of an insurance company.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Legally demanded amount of liquid cash or asset an insurance company must have on-hand for the long term. This is to cover unforeseen, wide-spread, catastrophic disasters that might likely drain the standing reserve of an insurance company.
Powered by Black’s Law Dictionary, Free 2nd ed., and The Law Dictionary.