Loss Ratio Reserve Method
Formula for a given line of insurance used by property and casualty insurance companies to compare losses and loss adjustment expense with premiums. This shows the amount of each premium dollar generated that is used to pay losses and expenses, and the reserves that must be maintained to pay for those losses and expenses.
Popular Insurance Terms
Rate not subsequently adjusted. The rate stays in effect regardless of an insured's subsequent loss record. ...
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Insurance protection written in the form of a single line policy. ...
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