Full Value Loss Reserves
Definition of "Full value loss reserves"
Undiscounted loss reserves that must be maintained by property and casualty insurance companies in an adequate amount to provide for the payment of the settlement value of the outstanding claims of the companies. These reserves cannot be reduced by the expected return from any investment considerations.
Popular Insurance Terms
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Of four SEC divisions that regulates the securities markets and the participants within these markets. ...
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Circumstance under which the insured maintains that, if an insurance policy covers at least two scheduled items of real or personal property, in the event of a loss applicable coverage ...
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