liabilities, nonledger

  • Liabilities not recorded on the company general ledger but available from other basic records or sources. Usually include accruals or provisions for unearned premiums, unpaid losses, loss expenses, contingent commissions, taxes, other expenses, dividends declared and unpaid, statutory loss reserves, and unauthorized reinsurance.

    Internal Revenue Service 1

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