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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 20 January 1992 - onwards
Version 2 of 2

Article 28

Liabilities: item C(3)

Claims outstanding

The provision for claims outstanding shall be the total estimated ultimate cost to an insurance undertaking of settling all claims arising from events which have occured up to the end of the financial year, whether reported or not, less amounts already paid in respect of such claims.