Documents Insurance Code Dizon

1 1 INSURANCE CODE OF 19781 GENERAL PROVISIONS Sec. 1. This Decree shall be known as “The Insurance Code of 1978.2” A. Brief History The business and contract of insurance…

Documents The Actuary and Ibnr

THE ACTUARY AND I BN R R. L. BORNHUETTER AND R. E. FERGUSON Incurred But Not Reported loss reserves (hereinafter referred to as IBNR reserves) represent vast sums of money,…