mean reserve

mean reserve
A well-recognized term in the insurance business which, as applied to individual insurance policies may be defined as the mean of the reserve at the beginning of the policy year after the premium for such year is paid and the terminal at the end of such policy year. When applied to the whole business of a life insurance company, the term "mean" as ordinarily understood is that reserve which is in the middle or that which is intermediate, or a condition that is equally removed from two opposite extremes. Western & Southern Life Ins. Co. v Howe (CA6 Ohio) 116 F2d 1008. See reserve.

Ballentine's law dictionary. . 1998.

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  • mean reserve — The mean of the reserve at the beginning of the policy year, after the premium for such year is paid, and the terminal reserve at end of such policy year. Kentucky Home Life Ins. Co. v. Leisman, 268 Ky. 825, 105 S.W.2d 1046, 1047 …   Black's law dictionary

  • mean reserve — The mean of the reserve at the beginning of the policy year, after the premium for such year is paid, and the terminal reserve at end of such policy year. Kentucky Home Life Ins. Co. v. Leisman, 268 Ky. 825, 105 S.W.2d 1046, 1047 …   Black's law dictionary

  • mean reserve — noun : the arithmetical average of the initial reserve and the terminal reserve of a policy of insurance …   Useful english dictionary

  • reserve — Verb: To appropriate to a particular purpose. To exclude. To set aside. To set apart from that which has been granted. To make a reservation. Meigs v M Clung s Lessee (US) 9 Cranch 11, 17, 3 L Ed 639, 641. Noun: An organization of the Armed… …   Ballentine's law dictionary

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  • Poor ovarian reserve — Impaired ovarian reserve (aka poor ovarian reserve or declining ovarian reserve) is a condition of low fertility characterized by low numbers of remaining oocytes in the ovaries. Quality of the eggs (oocytes) may also be impaired as a 1989 study… …   Wikipedia

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