Developed losses means losses (including loss adjustment expenses) adjusted, using standard actuarial techniques, to eliminate the effect of differences between current payment or reserve estimates and those needed to provide actual ultimate loss (including loss adjustment expense) payments.
Developed losses means losses, including loss adjustment expenses, adjusted using accepted actuarial standards, to eliminate the effect of differences between current payment or reserve estimates and those which are anticipated to provide actual ultimate loss, including loss adjustment expense payments;
Developed losses means adjusted losses, including loss adjustment expenses, using accepted
Examples of Developed losses in a sentence
Developed losses are the actual payments eventually made by malpractice insurers for malpractice claims.
More Definitions of Developed losses
Developed losses means losses including loss adjustment expenses, adjusted,
Developed losses means losses (including loss adjustment expenses) adjusted, using standard actuarial techniques, to their ultimate anticipated value;
Developed losses means losses adjusted using standard actuarial techniques to eliminate the effect of differences between:
Developed losses means adjusted losses (including loss adjustment expenses), using accepted actuarial standards, to eliminate the effect of differences between current payment or reserve estimates and those needed to provide actual ultimate loss (including loss adjustment expense) payments.
Developed losses means losses, including loss adjustment
Developed losses means losses, including loss adjustment expenses, adjusted using accepted actuarial standards, to eliminate
Developed losses means losses (including, including