Accident Year definition

Accident Year as used in this Agreement shall mean the premium earned and losses occurring in the 12 consecutive months commencing with each January 1st, except that the first Accident Year shall be the period from inception to December 31, 1998.

Accident Year means the period from January 1 to December 31 each year. The presentation of underwriting results for an Accident Year represents Earned Premiums and Incurred Losses on all claims arising from occurrences during such period.

Accident Year means the year in which a

Examples of Accident Year in a sentence

• Accident year data is more useful in evaluating the claim experience during a particular period because it better matches the earned premium used to pay losses for injuries occurring in the year.

• A description of each method and its use in understanding workers’ compensation follows: ❑ Accident year experience as of a specific evaluation date matches 1) all paid losses and loss reserves as of the specific evaluation date for injuries occurring during a given 12-month period (regardless of when the losses are reported) with 2) all premiums earned during the same period of time (regardless of when the premium was written).

• Accident year data are used for loss reserving, since accident year losses are the most homogeneous in the age since the accident.

• The total number of filled up teaching posts is 631 out of which 438 teachers are in active service and the rest of the teachers are on leave for higher studies and teaching and research in various universities/institutes around the world (as on February 11, 2017).

• Accident year: all losses arising in a calendar year as a percentage of premiums earned in the year.

More Definitions of Accident Year

Accident Year means the year in which the accident/loss was incurred.

Accident Year as used herein shall mean the period from January 1, 1997 to December 31, 1997, both days inclusive, and each respective 12-month period thereafter that this Contract remains in force.

Accident Year as used herein shall refer to each 12-month period commencing January 1 and ending December 31 in which covered claims occur. For purposes of this Agreement, the period from the immediately preceding January 1 to, but not including the Effective Date also shall be considered an Accident Year.

Accident Year shall refer to insured losses occurring during the twelve month period beginning January 1, 1996 and ending December 31, 1996.

Accident Year as used herein shall refer to each 12-month period commencing January 1 and ending December 31 in which covered claims occur. For purposes of this Agreement, the period from January 1, 1998 up to, but not including, March 31, 1998 also shall be considered an Accident Year.

Accident Year means the 12-month period covering the occurrences during that

Accident Year is used in the Reassured's Annual Financial Statement, Year Ending December 31, 1996, Form D14-342 (rev. 2/97), Loss Development Part III.