reserve funds
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 269 U.S. 197 - United States v. Boston Insurance · 1925Most cited · 88 citing opinions
losses in immediate contemplation, but not as yet actually sustained, were not intended to be treated as part of the reserve funds; that term rather having reference to the funds ordinarily held as against the contingent liability on outstanding policies
How often courts cite the cases defining “reserve funds”
Court decisions citing the 2 opinions that defined “reserve funds” — 254 in all, by decade. Counts are citations to the defining cases 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.
All 2 definitions, chronological · 1925–1926
The term 'reserve funds,' in the taxing act, has a technical meaning. The compensation which an insurance company agrees to pay soliciting agents has no relation to the reserve held to meet maturing policies, and when it sets aside a fund to provide payments to such agents this cannot be regarded as a reserve within intendment of the statute.