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Cage

The transporting of goods by truck to or from a vessel, aircraft or bonded warehouse, all under customs custody.

Calendar year deductible

Common form of deductible under major medical and comprehensive medical expense insurance plans. Insureds may accumulate covered expenses for the purpose of satisfying the deductible for the entire 12-month period.
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In health insurance, the amount of expense that must be borne by the insured during a calendar year before the health insurance policy makes payment for loss.

Calendar Year Experience

Experience developed on premium and incurred loss transactions occurring during the twelve calendar months beginning January: irrespective of the effective dates of the policies on which these transactions arose.
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MEDICAL,USA: Occurrence or events developed on premium and incurred loss transactions that occur during the 12 calendar months beginning January 1, regardless of the effective dates of the insurance policies on which these transactions arose.
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Underwriting result based on earned premiums and booked incurred losses for the same calendar year reporting period, regardless of the dates of the loss events. Booked incurred losses include paid losses, beginning of year to end of year changes in case reserves, and IBNR.

Calendar Year of Experience

Reinsurance experience calculated by matching the total value of all losses and movements in reserves during a given 12month period, regardless of the date of loss, with the premiums earned during the same period. Calendar year statistics are suitable for financial considerations but not for assessing results.

Calendar Year Statistics

Method of gathering data on losses, particularly liability Insurance claims, under which the claim payments made during a particular calendar-year are charged to that year regardless of when the accident giving rise to those payments occurred. Also, refer “Accident year statistics.”