In relation to an insurance contract, it is the amount of money that an individual or business (known as policyholders/...

In relation to an insurance contract, it is the amount of money that an individual or business (known as policyholders/...

The actual or expected cost that an insurer would incur as indemnity payments and allocated loss adjustment expenses (or the...

The actual or expected cost that an insurer would incur as indemnity payments and allocated loss adjustment expenses (or the...

The actual or expected cost that an insurer would incur as indemnity payments and allocated loss adjustment expenses (or the...

It stands for premium deficiency reserve; an amount (provision or reserve) that an insurance company sets aside, on its the...

An amount (provision or reserve) that an insurance company sets aside, on its the balance sheet, in addition to unearned...

It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...

With respect to life insurance (particularly universal life insurance), it is the level annual amount that would be required on...

With respect to life insurance (particularly universal life insurance),  it is a limitation placed on a guideline premium, constituting, as...