Accident Year definition

Accident Year as used in this Agreement shall mean the premium earned and losses occurring in the 12 consecutive months commencing with each January 1st, except that the first Accident Year shall be the period from inception to December 31, 1998.
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Accident Year means the period from: April 1, 2004 to December 31, 2004, and then January 1 to December 31 each year thereafter. The presentation of underwriting results for an Accident Year represents Earned Premiums and Incurred Losses on all claims arising from occurrences during such period.
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Accident Year means the 12-month period covering the occurrences during that
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Examples of Accident Year in a sentence

  • Accident Year Loss Ratio Excluding Catastrophes is a non-GAAP financial measure.

  • The number of claims lodged in the current period, apportioned by Accident Year.

  • The amount paid for claims in the current period, apportioned by Accident Year.

  • Paid and outstanding losses including a provision for Incurred But Not Reported losses, contemplating the ultimate valuation of losses and ALAE shall be provided by reserve category, line of business and Accident Year.

  • The analysis is carried out for each Accident Year with no additional segmentation (i.e. Class of Business splits).


More Definitions of Accident Year

Accident Year means a period of 12 consecutive months commencing at any July 1 prior to July 1, 1995, and shall include all Losses with Dates Of Loss within said 12-month period.
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Accident Year as used herein shall refer to each 12-month period commencing January 1 and ending December 31 in which covered claims occur. For purposes of this Agreement, the period from January 1, 1998 up to, but not including, March 31, 1998 also shall be considered an Accident Year.
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Accident Year as used herein shall refer to each 12-month period commencing January 1 and ending December 31 in which covered claims occur. For purposes of this Agreement, the period from the immediately preceding January 1 to, but not including the Effective Date also shall be considered an Accident Year.
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Accident Year means the year in which the accident/loss was incurred.
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Accident Year as used herein shall mean the period from January 1, 1997 to December 31, 1997, both days inclusive, and each respective 12-month period thereafter that this Contract remains in force.
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Accident Year is used in the Reassured's Annual Financial Statement, Year Ending December 31, 1996, Form D14-342 (rev. 2/97), Loss Development Part III.
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Accident Year means the year in which a
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