InsurancePre-existing condition Hard market Third-party Owner Exclusion Frequency reduction Inherent nature of the goods
Policyholders surplus
As we delve into the world of finance, it is important to understand the concept of surplus. In insurance, surplus refers to the excess amount of money a company has after covering its liabilities with its assets. This serves as a crucial financial buffer, providing protection to policyholders in unforeseen circumstances. Essentially, surplus is an essential component in ensuring the stability and reliability of an insurance company.
Related terms
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