Claims Fluctuation Reserve definition

Claims Fluctuation Reserve means a reserve held as part of a Separate Account, with respect to a Plan, to offset future adverse claims fluctuations;
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Claims Fluctuation Reserve or ("CFR") means a reserve held as part of a Separate Account, with respect to a Plan, to offset future adverse claims fluctuations;
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Claims Fluctuation Reserve means actuarially determined reserve funds maintained by the Insurance Pool to adequately cover anticipated losses.
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Examples of Claims Fluctuation Reserve in a sentence

  • All school board reserves for Incurred But Not Reported (“IBNR”) claims and Claims Fluctuation Reserve (“CFR”) shall remain with the existing carriers until those reserves are released by the carriers based on the terms of existing contracts.

  • The levy with respect to any year will be sufficient to fund any insurance/reinsurance, excess or stop-loss insurance premiums, to make payments under the Indemnities, to provide funds for the Claims Fluctuation Reserve and to fund the administrative expenses of the Insurance Pool.

  • It is the intention of the Subscribers to use the Insurance Pool in order to purchase insurance, to pay the premiums for contracts of insurance arranged on behalf of the Subscribers, to enter into contract(s) of Indemnity with the Insurer in respect of such insurance, to refund and pay claims as and when required in respect of the Retention, to provide funds for the Claims Fluctuation Reserve, and to pay the administrative expenses of the Insurance Pool.

Related to Claims Fluctuation Reserve

  • Disputed Claims Reserve means a reserve of Cash that may be funded on or after the Effective Date pursuant to Article VII.E hereof.