| This feature provides for the immediate release of reserves being held for incurred but not reported claims and waives the establishment of these reserves for new contracts. The reserves will only be recalled, up to the level of IBNR reserves that would have been held to settle claims arising after a contract has been terminated, if the overall international account is in a deficit.
IGP will waive the establishment of IBNR reserves (or release IBNR reserves if already established) in most countries in exchange for the execution of a Release of Incurred But Not Reported Claims Reserve Agreement.
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