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Association of Black Insurance Brokers

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Tel: 011 478 0760
Fax: 011 478 0760
Address:
45 Commissioner Street
27th Floor Life Centre
Johannesburg
South Africa
Postbox:
PO Box 62454
Marshalltown
2107
Scope:
Gauteng.
Association of Black Insurance Brokers.
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From The Glossary »

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Unexpired Risk Provision:

The excess of the estimated value of claims and expenses likely to arise after the end of the financial year from contracts concluded before that date, insofar as their estimated value exceeds the provision for unearned premiums (after deduction of any acquisition costs deferred), and any premiums receivable under those contracts.
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