Exhibit A reserves
Looking at Exhibit A, the first two lines mention "loss reserves" and "reserves for unpaid losses". Is there a difference between these two? thanks in advance!
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Looking at Exhibit A, the first two lines mention "loss reserves" and "reserves for unpaid losses". Is there a difference between these two? thanks in advance!
Comments
Yes, they are different but you have to look at the exact wording in Exhibit A:
So the first line is for what the claimant would receive while the second line refers to expenses incurred by the insurer for handling the claim.