Under One Method of Estimating a Loss Reserve, the Reserve

question 8

Multiple Choice

Under one method of estimating a loss reserve, the reserve is based on life expectancy, duration of disability, and similar factors. This method of estimating loss reserves is called the

• A) judgment method.
• B) tabular value method.
• C) loss ratio method.
• D) average value method.

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Definitions:

Accident Report

A document detailing the occurrences and facts surrounding an unintended or unforeseen event, often leading to injury or damage.

Formal Reports

Structured documents that present research, findings, and recommendations in a professional setting, following specific formats.

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Hard copies of documents, data, or graphics that have been printed from a computer.

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The act of receiving, comprehending, and interpreting data or details.