What Does Legal Reserves Mean?

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

Legal Reserves

Legal Reserves

The amount of money which most insurance carriers are required by law to set aside for the payment of claims and for unearned premiums.

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

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