What is the meaning of Unexpired Risk in Insurance
Subject: Corporate Accounting
Share
What is the meaning of Unexpired Risk in Insurance
Subject: Corporate Accounting
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
A reserve account opened at the discretion of the insurer if it believes the amount of funds kept in the unearned premium reserve account is not sufficient to cover the amount of risk perceived. While unearned premium reserve minimums are set by law, an unexpired risk reserve is voluntary.
regards