reserve for loss claims


reserve for loss claims
See loss and loss expense reserve; reserve.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Loss reserving — or Claims reserving refers to the calculation of the required reserve for a tranche of general insurance business. Typically, the claims reserves represent the money which should be held by the insurer so as to be able to meet all future claims… …   Wikipedia

  • loss reserve — see reserve Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. loss reserve …   Law dictionary

  • reserve — re·serve 1 vt re·served, re·serv·ing: to keep back or set apart: as a: to keep (a right, power, or interest) esp. by express declaration all rights reserved compare waive b: to defer a determination of (a question of law) …   Law dictionary

  • loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …   Black's law dictionary

  • loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …   Black's law dictionary

  • reserve — Verb: To appropriate to a particular purpose. To exclude. To set aside. To set apart from that which has been granted. To make a reservation. Meigs v M Clung s Lessee (US) 9 Cranch 11, 17, 3 L Ed 639, 641. Noun: An organization of the Armed… …   Ballentine's law dictionary

  • losses and loss expenses incurred — A phrase common to insurers; representing the total claims and losses paid during the year for which the insurer is reporting, plus the outstanding reserves for unpaid losses and claims at the end of the year, less the reserves for outstanding… …   Ballentine's law dictionary

  • Outstanding claims reserves — in general insurance are a type of technical reserve or accounting provision in the financial statements of an insurer. They seek to quantify the outstanding loss liabilities for insurance claims which have been reported and not yet settled… …   Wikipedia

  • List of Canadian soldiers executed for military offences — First World WarDuring the First World War, members of the Canadian Expeditionary Force were subject to British military discipline, which allowed execution by firing squad for crimes such as desertion or cowardice. During the war, 25 Canadian… …   Wikipedia

  • Scramble for Africa — For the book by Thomas Pakenham, see Thomas Pakenham (historian)#The Scramble for Africa. For information on the colonization of Africa prior to the 1880s, including Carthaginian and early European colonization, see Colonization of Africa. The… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.