Premium reserve

Term · Insurance and risk management · MLC-T-INS-002647

An amount set aside by an insurer from premiums received to cover future liabilities and claims that may arise during the unexpired portion of the policy period. This reserve accounts for the portion of premiums collected for coverage not yet provided. It is a statutory requirement for solvency and financial reporting.

Table 1. Record
Identifier	MLC-T-INS-002647
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002647",
  "term": "Premium reserve",
  "field": "Insurance and risk management",
  "definition": "An amount set aside by an insurer from premiums received to cover future liabilities and claims that may arise during the unexpired portion of the policy period. This reserve accounts for the portion of premiums collected for coverage not yet provided. It is a statutory requirement for solvency and financial reporting.",
  "url": "https://mlchart.com/terminology/insurance/premium-reserve/"
}

Record 2,686 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.