Loss And Loss Adjustment Expense Reserves

Definition of "Loss and loss adjustment expense reserves"

Lawrence Gillikin real estate agent

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Lawrence Gillikinelite badge icon

Brookstone Realtors Llc

Amount of the insurance company's liabilities for claims that have not been settled. If this reserve increases significantly in relation to the company's surplus, the risk is greater for potential deficiencies in the reserves; that is, the reserves could prove to be inadequate to meet future claim payments.

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