Capital Preservation Capital Preservation is a method for safeguarding your financial resources by selecting protected funds or income of fixed assets that guarantee...
Personal Representative Personal Representative is a person or entity appointed to handle the assets of a person who has died. They are agents for the property's recipients and must operate...
Marketing research process Marketing research process are series of steps involved in marketing research: steps include problem definition, research design, data
Business Representative A business representative refers to a union official who negotiates and administers the labor agreement...
Unearned premium reserve Unearned premium reserve allows liability reserve of an insurance company that represents the unearned part of gross premiums on all
Retrospective reserve Retrospective reserve is in life insurance, the net premiums collected by the insurer for a particular block of policies, plus interest earnings
Representations Representations statements made by an applicant for insurance (for example, in life insurance) such as the applicant’s occupation, state of
Prospective reserve Prospective reserve is in life insurance, the difference between the present value of future benefits and the present value of future net premiums.
Loss reserve Loss reserve is an amount set aside by property and casualty insurers for claims reported and adjusted but not yet paid, claims reported and
Legal reserve Legal reserve is a liability item on a life insurer’s balance sheet representing the redundant or excessive premiums paid under the level-premium method during the early years. Assets must be accumulated to offset the legal reserve liability. Purpose of the legal
Definition
[ n.]