total reserves
Defined in 1 place of the United States Code.
For purposes of subsection (a), the term "total reserves" means—
Source
- 1994–present26 U.S.C. § 816Internal Revenue Code · Life insurance company defined · in this section
For purposes of subsection (a), the term “total reserves” means—
(1) life insurance reserves,
(2) unearned premiums, and unpaid losses (whether or not ascertained), not included in life insurance reserves, and
(3) all other insurance reserves required by law.
Source
- 201326 U.S.C. § 816Internal Revenue Code · Life insurance company defined · in this section