Workmen's Compensation Claim Reserves

The claim or loss reserves, which should be held under workmen's compensation policies, fall under the following general heads : I. Reserves to provide for the payment of sums to become due in future under awards already made. II. Reserves to provide for the payment of sums to become due under claims already filed for which no award has yet been made. III. Reserves to provide for the payment of sums to become due under claims which may be filed because of accidents that have already occurred, notice of which (a) has been received or (b) has not been received.