calendar year experience
The calendar year experience refers to 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.
calendar year experience
The calendar year experience refers to 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.
Additional Information
Once calculated and established, this amount does not change.
