Florida Statutes 625.081 – Reserve for health insurance
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Terms Used In Florida Statutes 625.081
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
For all health insurance policies, the insurer shall maintain an active life reserve which places a sound value on the insurer’s liabilities under such policies; is not less than the reserve according to appropriate standards set forth in rules issued by the commission; and, with the exception of credit disability insurance, in no event, is less in the aggregate than the pro rata gross unearned premiums for such policies.