What does Reserved But Not Enough mean? Read on to discover the definition & meaning of the term Reserved But Not Enough - to help you better understand the language used in insurance policies.
Reserved But Not Enough
In captive insurance, the amounts that are increases in outstanding loss reserves that cannot yet be formally justified but which are known, usually from experience, are going to be required.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Reserved But Not Enough. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: