CONTRACT RESERVE

an amount/liability that gets established when:

(1) a portion of the premium that was due prior to the valuation date; is

(2) designed to pay all (or a part) of the claims that are expected to be incurred after the valuation date.

a contract reserve may-or-may not include a provision for the unearned premium reserves.

contract reserves are also referred to as: (i) active life reserves; and/or (ii) policy reserves.

Congratulations! You're now Froogled Up™ on what "Contract Reserve" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,

www.FroogleMe.com

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Froogle 1.1.1.7

CONTRACT RESERVE

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