What Does Accident Year Experience Need To Edit Mean?

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What does Accident Year Experience Need To Edit mean? Read on to discover the definition & meaning of the term Accident Year Experience Need To Edit - to help you better understand the language used in insurance policies.

Accident Year Experience Need To Edit

Accident Year Experience Need To Edit

The accident year is any 12-month period for which losses from incidents taking place during that 12-month period are tracked. Accident year experience is calculated by adding the total losses from any incidents occurring in that 12-month period. Two other cost accounting terms used in sorting loss experience are calendar year and policy (underwriting) year.

We hope the you have a better understanding of the meaning of Accident Year Experience Need To Edit.

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