Examples of loss reserves in a sentence
Excluding catastrophes, the IBNR component of Loss Reserves will be booked, by Class of Business, to the planned IBNR.
Loss Reserves shall not include any loss and loss adjustment expense reserves or ceding commission reserves relating to Excluded Losses.
Aggregate Loss Reserves as of June 30, 2002 are set forth on Exhibit A-2.
In the event that Retrocessionaire believes that Loss Reserves for a Class of Business need to be increased beyond the amount implied by the algorithm set forth in Exhibit B, or the Final Ceding Commission Reserves need to be reduced, Retrocessionaire and Retrocedant will endeavor to agree on an appropriate adjustment.
Therefore, the factors outlined above represent the ceiling for the sum of Specific Case Base Loss Reserves and IBNR.