What is ACTUARIAL ADJUSTMENT?

In INSURANCE, the process of modifying the PREMIUM rate and RESERVES to reflect actual loss experience.

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Related Legal Terms
ACTUARIAL EQUIVALENT, ACTUARIAL PRICING, ADJUSTMENT, ADJUSTMENT DATE, ACTUARIAL AGE, ACTUARIAL ASSUMPTION, PREMIUM ADJUSTMENT FORM, ACTUARIAL SCIENCE, LOSS ADJUSTMENT EXPENSE, ACTUARIAL SOLVENCY


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