Three Parts: Learning about the Wicca Craft Becoming a Wiccan Using Wicca in Everyday Life. Also known as âThe Old Religionâ and âThe Craft,â Wicca is a religion with its own practices, tenets and beliefs rooted in pagan traditions.. Learn what magick is and how to use it. Magick within the Wiccan religion is the practice of raising and channeling energy for a purpose. Magick for Wiccans is spelled with a âkâ at the end of the word to distinguish it from stage tricks.
From Wikipedia, the free encyclopedia. Statutory Liability is a legal term indicating the liability of a party who may be held responsible for any action or omission due to a related law that is not open to interpretation.
DEFINITION of 'Adjusted Liabilities'. The liabilities of an insurance company that differ from the company's statutory liabilities due to adjustments. It is calculated by taking the statutory liability and subtracting the interest maintenance reserve and asset valuation reserve. Statutory liabilities are the insurance company's liabilities as determined by the applicable accounting rules. Insurance companies are required by the National Association of Insurance Commissioners (NAIC) to maintain the aforementioned reserves as a cushion for potential equity and credit losses.