surplus to policyholders

  • The total of capital, if any, and unassigned (surplus) funds, including voluntary and general reserve funds, and special reserve funds not in the nature of liabilities; the amount beyond liabilities available to meet obligations to policyholders.

    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).