What Does Calendar Year Experience Mean?

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

Calendar Year Experience

Calendar Year Experience

Incurred losses and loss adjustment expenses (LAE) for all losses (regardless of when reported) related to a specific calendar year divided into the accounting earned premium for that same period. Once calculated and established, this amount does not change.

We hope the you have a better understanding of the meaning of Calendar Year Experience.

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