true reserves
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 311 U.S. 267 - Helvering v. Oregon Mutual Life Insurance · 1940Most cited · 131 citing opinions
insurance
The liability to those who have incurred disability is not a fixed sum, but remains a contingency, still uncertain in duration and amount. Reserves held for such a contingent liability are true reserves in the insurance sense.
How often courts cite the case defining “true reserves”
Court decisions citing the opinion that defined “true reserves” — 128 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.