Amount of reserves Sample Clauses

The 'Amount of reserves' clause defines the required level of financial reserves that a party, typically an insurer or financial institution, must maintain to cover potential liabilities or future obligations. In practice, this clause specifies how reserves are calculated, such as referencing actuarial methods or regulatory standards, and may require periodic adjustments based on changing risk profiles or claim histories. Its core function is to ensure that sufficient funds are set aside to meet anticipated claims or expenses, thereby protecting stakeholders and maintaining financial stability.
Amount of reserves. For purposes of subsections (a), (b), and (c) of section 801 and this section, section 801(b)(5) provides that the amount of any re- serve (or portion thereof) for any tax- able year shall be the mean of such re- serve (or portion thereof) at the begin- ning and end of the taxable year. [T.D. 6513, 25 FR 12655, Dec. 10, 1960, as amended by T.D. 7172, 37 FR 5619, Mar. 17, 1972]
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