claims equalization definition
claims equalization. (申索平衡基金) means the amount set aside by an insurer as at the end of its financial year for the purpose of being used to prevent exceptional fluctuations in the amounts charged to revenue in subsequent financial years in respect of claims arising due to the occurrence of events of an exceptional nature, that is to say, events not normally occurring every year;
claims equalization means the amount set aside by a company at the end of its financial year to be used for the purpose of preventing exceptional fluctuations in the amounts charged to revenue in subsequent financial years in respect of claims under insurance contracts;