What is The Definition of Policyholder Surplus?
The difference between an insurance-approved ETS and a bond, ie its liquid assets. This key number is used to determine the financial strength of the insurance company and its ability to open a new business.
Total paid-up capital, over-paid and over-paid net surplus, including voluntary reserves for emergencies. This is the difference between the total value of Et approved and the total number of affiliates.
A simple definition of Policyholder Surplus is: The insurer is subject to deduction in compliance with the legal obligation to meet the benefits paid to its policyholder (liability). In addition, the insurer's equity was adjusted to exceed its liabilities.
Net assets of the insured presented in annual or legal financial statements. The amount by which ETS exceeds liability.
Literal Meanings of Policyholder Surplus
Meanings of Surplus:
When demand, oversupply or supply is met, too much is left.
Overused or overused.
Synonyms of Surplus
leftover, spare, disposable, redundant, unneeded, dispensable, reserve, superfluity, unused, leftovers, useless, excessive, oversupply, glut, remains, unwanted, left, additional, oversufficiency, overabundance, not required, plethora