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    Maybe, then, I'll be able to answer such a...

    Maybe, then, I'll be able to answer such a question in a few months! (Or if I dust off my old accounting binder and sift through that; we'll see.)
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    Your question is an accounting question, and does...

    Your question is an accounting question, and does not have to do with the subject matter of this particular thread. However, maybe those who just took Exam 6, which covers some accounting, can still...
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    It is clear, though, from an exam point of view. ...

    It is clear, though, from an exam point of view. Regardless of any standard conventions you may use on your job, on the exam, an accident year "loss reserve" = accident year "case reserve + IBNR...
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    ULAE Reserve @ 12/31/2004 = (1 - % of ULAE paid...

    ULAE Reserve @ 12/31/2004
    = (1 - % of ULAE paid to open claim)*Paid-to-Paid Ratio*Total Outstanding Loss Reserve @ 12/31/2004 + % of ULAE paid to open claim *Paid-to-Paid Ratio*IBNR Reserve @...
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