### Question
What does surplus mean?


### Answer
**Surplus** has the following meaning in *26 U.S.C. § 833*:

> the excess of the total assets over total liabilities as shown on the annual statement

#### Citation:
  - *26 U.S.C. § 833*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART II-OTHER INSURANCE COMPANIES**

