claims (losses)

  • Events such as death, injury, destruction, or damage which occur in such a manner as to charge the insurer with a liability under the terms of a policy.

    Internal Revenue Service 1

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).