gross premium reserve

  • A reserve determined by subtracting the present value of future gross premiums from the present value of future expenses and benefits.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).