The projection method is not totally accurate in developing the unearned premium reserve, it provides the best estimate based on prior experience and adjusted for current activities.
Answer(s): A
Which of the following is NOT the loss category?
Answer(s): D
Which of the following is the loss characteristic?
The reserve for a reported claim that is established by an adjuster or a formula based on the company's loss experience is called:
Answer(s): B
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