In addition to statutory reserves required by the states, insurers also maintain various other reserve accounts for meeting their future business obligations. These accounts include:
- Active Lives Reserve
- Asset Valuation Reserve (AVR)
- Claim Fluctuation Reserve
- Claim Reserve
- Contingency Reserve
- Disabled Life Reserve
- Initial Reserve
- Interest Maintenance Reserve (IMR)
- Mean Reserve
- Mid-Terminal Reserve
- Net-Level Premium Reserve
- Policy Reserve
- Required Reserve
- Reserve for Future Contingent Benefits;
- Terminal Reserve; and
- Unearned Premium Reserve.
Together, statutory and other reserves are useful in assessing an insurance company's financial strength.
Back to Top |
Next
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.
