Voluntary Reserve Law and Legal Definition
Voluntary reserve refers to the surplus amount held by insurance companies to strengthen their financials and improve their liquidity ratios. Such surplus allocation is not specifically required by law. However, the reserve requirements of financial institutions and insurance companies are regulated by government agencies. This is done to ensure their solvency.
Legal Definition list
- Voluntary Repayment Agreement
- Voluntary Repatriation
- Voluntary Recognition Petition
- Voluntary Public Access and Habitat Incentive Program
- Voluntary Preparedness Standards
- Voluntary Reserve
- Voluntary Resettlement Agencies [VOLAGs]
- Voluntary Restraint of Trade
- Voluntary Retirement
- Voluntary Sale
- Voluntary Statement
