What does Valuation Date mean? Read on to discover the definition & meaning of the term Valuation Date - to help you better understand the language used in insurance policies.
The cutoff date for adjustments made to paid claims and reserve estimates in a loss report. For example, a workers compensation loss report for the 2013 policy year that has a 2015 valuation date includes all claim payments and changes in loss reserves made prior to the 2015 valuation date.
We hope the you have a better understanding of the meaning of Valuation Date.