Unexpired risk reserve

Unexpired risk reserve,

Definition of Unexpired risk reserve:

  1. A reserve account opened at the discretion of the insurer if it believes the amount of funds kept in the unearned premium reserve account is not sufficient to cover the amount of risk perceived. While unearned premium reserve minimums are set by law, an unexpired risk reserve is voluntary.

Meaning of Unexpired risk reserve & Unexpired risk reserve Definition