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.

Category: Banking & Finance

Share it: CITE

Previous:
Computer Programming

Next:
Protection and indemnity insurance (P&I)

Related Definitions

Unearned premium reserve
Unearned premium reserve allows liability reserve of an insurance company...
Retrospective reserve
Retrospective reserve is in life insurance, the net premiums collected...
Loss reserve
Loss reserve is an amount set aside by property and...
Legal reserve
Legal reserve is a liability item on a life insurer’s...
Equity in the unearned premium reserve
Equity in the unearned premium reserve is an amount by...