MLchartDataset catalogue

Active life fund

Term · Insurance and risk management · MLC-T-INS-000309

The accumulated reserves held by an insurer for disability income policies that are currently in force and for which benefits are not yet being paid. This fund accounts for the future liabilities associated with potential disability claims from policyholders who are still actively working. It is distinct from reserves held for claims already in payment.

Table 1. Record
IdentifierMLC-T-INS-000309
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000309",
  "term": "Active life fund",
  "field": "Insurance and risk management",
  "definition": "The accumulated reserves held by an insurer for disability income policies that are currently in force and for which benefits are not yet being paid. This fund accounts for the future liabilities associated with potential disability claims from policyholders who are still actively working. It is distinct from reserves held for claims already in payment.",
  "url": "https://mlchart.com/terminology/insurance/active-life-fund/"
}

Record 39 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.