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- Statutory reserves are the minimum amounts of cash and readily marketable securities that insurance companies must hold. They are mandated under state insurance regulations.www.investopedia.com/terms/s/statutory-reserves.asp
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WEBJul 20, 2023 · The statutory reserve, also known as an actuarial reserve, can be defined as a portion of profits that any financial institution like an insurance company or a bank is legally required to hold and …
WEBMar 13, 2023 · Reserve requirements are the amount of funds that a bank holds in reserve to ensure that it is able to meet liabilities in case of sudden withdrawals. Reserve requirements are a tool used by...
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