What Does Contract Reserves Mean?

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What does Contract Reserves mean? Read on to discover the definition & meaning of the term Contract Reserves - to help you better understand the language used in insurance policies.

Contract Reserves

Contract Reserves

reserves set up when, due to the gross premium structure, the future benefits exceed the future net premium. Contract reserves are in addition to claim and premium reserves.

We hope the you have a better understanding of the meaning of Contract Reserves.

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