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The chain-ladder or development [1] method is a prominent [2] [3] actuarial loss reserving technique. The chain-ladder method is used in both the property and casualty [1] [4] and health insurance [5] fields.
Runoff or run-off, another name for bleed, printing that lies beyond the edges to which a printed sheet is trimmed; Runoff or run-off, a stock market term; Runoff voting system, also known as the two-round system, a voting system where a second round of voting is used to elect one of the two candidates receiving the most votes in the first round
An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...
Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
The top court in the battleground state of Georgia ruled on Monday that Cobb County cannot extend the deadline for counting about 3,000 absentee ballots that were sent out shortly before Election ...
Related: Rashida Jones Pays Tribute to Her Father Quincy Jones After His Death at 91: 'It Is an Honor to Be Your Daughter' He is survived by seven children: Jolie, 71, Rachel, 61, Martina, 58 ...
On November 3, 2008, however, when Michael Bloomberg was in his second term of mayor, the City Council approved the extension of the two-term limit to a three-term limit; one year later, he was elected to a third term. The two-term limit was reinstated after a referendum in 2010.
Beyond this, make sure you don’t exceed federal insurance limits when deciding how much money to keep in a CD account. For the most part, these limits are $250,000 per bank, per depositor.