Statutory capital

{
  "id": "MLC-T-INS-003182",
  "term": "Statutory capital",
  "field": "Insurance and risk management",
  "definition": "The minimum amount of financial resources an insurance company must hold to meet its obligations to policyholders, as prescribed by regulatory authorities. This capital acts as a buffer against unexpected losses and insolvency, protecting the interests of insured parties. Regulators set these requirements based on factors like the insurer's risk profile, premium volume, and lines of business, often requiring specific asset types.",
  "url": "https://mlchart.com/terminology/insurance/statutory-capital/"
}