Examples of Outstanding Claims in a sentence
Agreement on the Settlement of Certain Outstanding Claims, U.S.-Alb., Mar.
Risk Margin held under SII is higher than the margin in the Outstanding Claims Provisions under IFRS.
Outstanding Claims may be used to allocate RITC ceded and closing reserves across ‘Illinois’, ‘Kentucky’, ‘Other US Binding Authority’, ‘Other US Situs’ and ‘Other’ business.
Managing Agents can request the Outstanding Claims data from Xchanging using the ‘Request for the US SIS transactional reporting service’ form, as detailed above.
Please note, however, that the Outstanding Claims methodology is not mandatory and in some cases it may not be appropriate (see 1 and 5 above), especially in cases in which some other allocation methodology has already been used in the past.