calendar-accident year basis

  • A compilation of losses incurred arising out of accidents occurring during a 12 month period with premiums earned during the same 12-month period.

    Internal Revenue Service 1
    See also experience

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).