Retrospective Deposits and Refunds

Some claims take many years to resolve and over time their estimated values change as new information becomes available.  Retrospective adjustments are based on the ongoing claim development of past coverage periods and can result in either an additional deposit or a refund. Retrospective adjustments are calculated once a year in October. For accounting purposes, the October 2017 retrospective adjustment may be referred to as the annual adjustment for 2017-18.

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