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The Insurance Act – Articles and Presentations


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The Insurance Bill 2016 – Presentations by Norton Rose Fulbright SA, March 2016
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From The Glossary »

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Unexpired Risk Provision:

The excess of the estimated value of claims and expenses likely to arise after the end of the financial year from contracts concluded before that date, insofar as their estimated value exceeds the provision for unearned premiums (after deduction of any acquisition costs deferred), and any premiums receivable under those contracts.
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