20-508. Reserves for disability insurance
52 words·~1 min read·
/az/title-20/20-508A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For all disability insurance policies the insurer, in addition to claim reserves, shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and be not less than the amounts that are necessary to assure payment of its policyholder obligations including reserves for unearned premiums.