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Long-Tail Liability is a liability having prolonged settlement time. These types of liabilities are expected to result in excessive incurred but not reported claims, due to the requirement of a long period of time for the claims to be settled.
Long-Tail Liability is a liability having prolonged settlement time. These types of liabilities are expected to result in excessive incurred but not reported claims, due to the requirement of a long period of time for the claims to be settled.
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