unreported claim

  • A situation in which the insured has died or become disabled so that payment under the terms of an insurance policy will be demanded from the company, but in which the company has not yet received notice of the claim. Insurance companies set up estimated reserves for unreported claims.

    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).