Question

What are incurred losses?

a.

Losses paid and included in the accounts for the year in question

b.

Losses incurred but not yet paid

c.

Losses recovered from reinsurers

d.

Losses incurred in the previous year

Answer: (a).Losses paid and included in the accounts for the year in question Explanation:Incurred losses are losses paid and included in the accounts for the year in question.

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