Claims reserves definition
Claims reserves means workers' compensation claim losses expected to be paid in the future, but does not include IBNR.
Claims reserves means: (i) The liability for claims which have been reported but not paid; (ii) the liability for claims which have not been reported but which may reasonably be expected; (iii) active life reserves; and (iv) additional claims reserves whether for a specific liability purpose or not.
Claims reserves means the 113 Claims Reserve, the Priority Claims FX Reserve and the Priority Claims ISK Reserve.
Examples of Claims reserves in a sentence
Purchaser and Seller also shall review and evaluate the IBNR and Bulk Claims reserves set forth in the Final Balance Sheet.
More Definitions of Claims reserves
Claims reserves means the provisions held in GEFA’s US GAAP balance sheet in respect of all future payments on claims with a date of loss before the balance date;
Claims reserves means, collectively the Unsecured Claims Reserve and any other claims reserves that may be established pursuant to the Joint Plan.
Claims reserves have the meaning set forth in Section 10.5.
Claims reserves means workers’ compensation claim losses expected to be paid in the
Claims reserves means the 113 Claims Reserve, the Priority Claims FX
Claims reserves means cash retained in the General Trust Accounts or the Additional Funding Trust Accounts and designated as “Claims Reserves” in accordance with Section 3.2.3.