Loss reserves are funds held by an insurer to pay claims for losses that have occurred but have not yet been settled. Such funds assigned to an individual claim create a

Loss reserves are funds held by an insurer to pay claims for losses that have occurred but have not yet been settled. Such funds assigned to an individual claim create a 



A. Damage reserve.
B. Suit reserve.
C. Claim reserve.
D. Case reserve.


Answer: D. Incorrect. A case reserve is a loss reserve assigned to an individual claim.

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