WebOLR stands for Outstanding Loss Reserve (insurance) Suggest new definition. This definition appears very rarely and is found in the following Acronym Finder categories: Business, finance, etc. See other definitions of OLR. Other Resources: WebJul 13, 2010 · Claims Reserve: A claims reserve is the money that is earmarked for the eventual claim payment. The claims reserve funds are set aside for the future payment of …
Glossary - Society of Actuaries
WebDefine Outstanding Loss. means all of the Company’s incurred but unpaid liability arising out of or relating to its Policies for claims with original Dates Of Loss prior to 12:01 a.m., Pacific Standard Time, July 1, 1995, whether such liability is known and carried as a reserve on the Company’s books or is unknown. It is warranted by the Company that payments have … WebDec 21, 2024 · The loss reserves may also be based on a forecast of losses that the insurer anticipates during a given period, which means that the forecast may be correct, excessive, or fall short of the actual claims during a given period. If the actual losses exceed the reserve, the insurer will be required to get additional funds to top up the reserve. barca tailandesa
Outstanding reserves Definition Law Insider
WebBank Product Reserves means such reserves as the Agent from time to time determines in its Permitted Discretion as being appropriate to reflect the liabilities and obligations of the Loan Parties with respect to Bank Products then provided or outstanding. Loss Reserve means, for any Calculation Period, the product (expressed as a percentage) of ... WebDefinition: Loan Loss Reserve Ratio is described as the ratio used in the bank to represent the reserve that the company has in percentage terms to cover the estimated losses that they would have suffered as a result of defaulted loans. The nature of the Loan Loss account is described as a contra account to gross loan outstanding. WebMar 24, 2024 · Allocated loss adjustment expenses (ALAE) are attributed to the processing of a specific insurance claim. ALAE are part of an insurer’s expense reserves. It is one of the largest expenses for ... barcaibrhm