applicable insurance liabilities
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1297 — for purposes of this section
The term "applicable insurance liabilities" means, with respect to any life or property and casualty insurance business—
(i) loss and loss adjustment expenses, and
(ii) reserves (other than deficiency, contingency, or unearned premium reserves) for life and health insurance risks and life and health insurance claims with respect to contracts providing coverage for mortality or morbidity risks.