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legal reserve

   Also found in: Legal 0.01 sec.
legal reserve
n.
The sum of money that a bank or an insurance company is required by law to set aside as security.


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HCSC, based in Chicago, is a not-for-profit, mutual legal reserve company that provides health insurance through its divisions that include Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Texas and Blue Cross and Blue Shield of New Mexico.
Health Care Service Corp. merges with Oklahoma Blues by Best's Review
Blue Cross and Blue Shield of Illinois, a division of Health Care Service Corporation, a Mutual Legal Reserve Company (HCSC), is the oldest and largest health insurance company in the state.
Blue Cross and Blue Shield of Illinois Announces e-Prescribing ... by Business Wire
In the early 1920s, it increased its capital stock, became a legal reserve company and joined a select group of African-American insurance companies.
Living the vision: Atlanta Life Financial marks its 100th anniversary ... by Chordas, Lori / Best's Review
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