Insurance
Unexpired Risk Reserve (URR) — Additional Reserve
Setting an additional reserve when the UPR is insufficient to cover expected future claims.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Claims Expense (URR Deficiency) | Expense (+) | 45,000.00 | - |
| Unexpired Risk Reserve (URR) | Liability (+) | - | 45,000.00 |
💡 Accountant's Note
The URR is set when the UPR is expected to be insufficient to cover future claims on current policies. It is required when the expected claims ratio for the remaining period exceeds 100% of the UPR.
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