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statutory reserve A reserve that is reported to government authorities, as required by statutes. Also called a legal reserve. See also policy reserve. Obtain a free quote and experience health care that provides you access to affordable medical services. Burdened by credit card debt? Reduce all of your unsecured debts by 60% with our Debt Consolidation solution.   Medical Insurance | Free Quote | Insurance FAQ | Glossary | Contact Us Copyright © 2001 - Apex Home Mortgage Refinancing Company