What is the Definition of Solvency?

What is the Definition of Solvency?

Insurance companies’ ability to pay the claims of policyholders. Regulations to promote solvency include minimum capital and surplus requirements, statutory accounting conventions, limits to insurance company investment and corporate activities, financial ratio tests and financial data disclosure.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Solvency?

You can find random definition and meaning of insurance terms below:

What is the meaning of Pro-rata (proportional) Reinsurance

portion of the losses and premium reinsurer shares with the ceding entity.

What is the meaning of Protected Cell

an insurance-linked security retained within the insurance or reinsurance company and is used to insulate the proceeds of the securities offering from the general business risks of the insurer, granting an additional comfort level for investors of the securitized instrument.

What is the meaning of Protection and Indemnity (P&I) Insurance

a broad form of marine legal liability insurance coverage.

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