MLchartDataset catalogue

Expense reserve

Term · Insurance and risk management · MLC-T-INS-001405

An amount set aside by an insurer to cover future operating costs associated with policies already in force, but for which the expenses have not yet been incurred or paid. This reserve accounts for administrative costs, commissions, and other overhead related to servicing existing policies. It is a liability on the insurer's balance sheet, reflecting future obligations.

Table 1. Record
IdentifierMLC-T-INS-001405
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001405",
  "term": "Expense reserve",
  "field": "Insurance and risk management",
  "definition": "An amount set aside by an insurer to cover future operating costs associated with policies already in force, but for which the expenses have not yet been incurred or paid. This reserve accounts for administrative costs, commissions, and other overhead related to servicing existing policies. It is a liability on the insurer's balance sheet, reflecting future obligations.",
  "url": "https://mlchart.com/terminology/insurance/expense-reserve/"
}

Record 1,270 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.