Statutory surplus

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Statutory surplus

The surplus of an insurance company determined by the accounting treatment of both assets and liabilities as established by state statutes.

Statutory Surplus

The budget surplus that an insurance company has after it calculates its assets and liabilities according to all applicable state and federal laws.
References in periodicals archive ?
Albanese said "old profits" helped generate healthy statutory surpluses in many companies, but the profit margins in most lines are shrinking.