actuarial solvency

The ability of an insurance company or benefit society to meet accrued obligations and the obligations represented by policies and certificates in force as such appears in funds on hand and the present worth of payments of premiums and assessments to be made in the future by those insured under policies and certificates. Jenkins v Talbot, 338 Ill 441, 170 NE 735, 80 ALR 638.

Ballentine's law dictionary. . 1998.

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