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The reserve for a reported claim that is established by an adjuster or a formula based on the company's loss experience is called:
Issuance of a duplicate or replacement check without voiding the original entry can result in paying a claim twice -- once to the claimant and again to:
Estimation of the industry total losses and of the percentage covered by this particular insurance company is called:
GAAP requires that all declared policyholder dividends be accrued at the balance sheet date, using actual amount to be paid.