InsuranceRight of survivorship Mortality Cost Cost-of-living rider Immediate annuity Punitive damages Cash Surrender Value
Risk-based capital
In addition, insurance companies may also be required to hold a certain amount of reserves
Insurance companies must maintain appropriate capital levels based on the level of risk associated with the type of insurance they offer. Liability insurance, which carries a higher risk compared to property insurance, typically requires more capital. Furthermore, insurance companies may also be obligated to hold a specific amount of reserves. These measures ensure that companies are financially stable and able to fulfill their obligations to policyholders.
Related terms
Understand the meaning and definition of Right of survivorship in the context of stock market, trading, and investments.
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