GVHR » Topics » Incurred Loss Accounting Adjustments

These excerpts taken from the GVHR 10-K filed Mar 16, 2009.

Incurred Loss Accounting Adjustments

 

The first Premium Plan Adjustment will take place as soon as practicable after the expiration date of the policies.  The adjustment will be based on the rates shown in this document, audited exposures and loss information valued as of 6/30/2010 subject to the minimums indicated within the terms of your insurance

 

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program. Thereafter, annual Ultimate Incurred Loss Plan adjustments will take place and continue until you and we agree in writing to perform no further recalculation.

 

Additional premium due us, or return premium due you, resulting from the adjustment, will be payable in its entirety within the time permitted by notice to you and subject to the terms of the Payment Agreement.

 

Incurred
Loss Accounting Adjustments



 



The first Premium Plan
Adjustment will take place as soon as practicable after the expiration date of
the policies.  The adjustment will be
based on the rates shown in this document, audited exposures and loss
information valued as of 6/30/2010
subject to the minimums indicated within the terms of your insurance



 



42
















 



program. Thereafter,
annual Ultimate Incurred Loss Plan adjustments will take place and continue
until you and we agree in writing to perform no further recalculation.



 



Additional premium due
us, or return premium due you, resulting from the adjustment, will be payable
in its entirety within the time permitted by notice to you and subject to the
terms of the Payment Agreement.



 



Incurred
Loss Accounting Adjustments



 



The first Premium Plan
Adjustment will take place as soon as practicable after the expiration date of
the policies.  The adjustment will be
based on the rates shown in this document, audited exposures and loss
information valued as of 6/30/2010
subject to the minimums indicated within the terms of your insurance



 



42
















 



program. Thereafter,
annual Ultimate Incurred Loss Plan adjustments will take place and continue
until you and we agree in writing to perform no further recalculation.



 



Additional premium due
us, or return premium due you, resulting from the adjustment, will be payable
in its entirety within the time permitted by notice to you and subject to the
terms of the Payment Agreement.



 



EXCERPTS ON THIS PAGE:

10-K (3 sections)
Mar 16, 2009

RELATED TOPICS for GVHR:

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