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Neil G. McDonald Ltd.
3800 Steeles Ave West, Suite 201E,
Woodbridge, Ontario L4L 4G9
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Hours
Mon-Fri 9-4:30 EST

Reserve

Insurance companies are required to put up sums of money which are identified for particular purposes. Such monies are known as "reserves." A reserve is required for unearned premiums and the reserve is required for all unpaid claims. The object of these reserves is to protect the insuring public against any possible financial loss.