Reserve established. The SBA will establish a reserve for the outstanding reimbursable Losses for the previous Contract Year, based on the length of time the Losses have been outstanding, the amount of Losses already paid, the percentage of incurred Losses still unpaid, and any other factors specific to the loss development of the Covered Events involved.
Appears in 5 contracts
Samples: Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract (HCI Group, Inc.), Reimbursement Contract
Reserve established. The SBA will establish a reserve for the outstanding reimbursable Losses for the previous Contract Year, based on the length of time the Losses have been outstanding, the amount of Losses already paid, the percentage of incurred Losses still unpaid, and any other factors specific to the loss development of the Covered Events involved.
Appears in 2 contracts
Samples: Rap Reimbursement Contract (HCI Group, Inc.), Rap Reimbursement Contract (HCI Group, Inc.)
Reserve established. The SBA will establish a reserve for the outstanding reimbursable Losses for the previous all Contract YearYears, based on the length of time the Losses have been outstanding, the amount of Losses already paid, the percentage of incurred Losses still unpaid, and any other factors specific to the loss development of the Covered Events involved.
Appears in 1 contract
Samples: Reimbursement Contract
