For all disability insurance policies the insurer shall maintain an active life reserve which shall place a sound value on its liabilities under such policies and be not less than the reserve according to appropriate standards set forth in regulations issued by the director and, in no event, less in the aggregate than the pro rata gross unearned premiums for such policies.

Terms Used In Idaho Code 41-608

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.