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closed policy year balance

Spanish translation: balance del año de póliza cerrado

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:closed policy year balance
Spanish translation:balance del año de póliza cerrado
Entered by: Annie E

16:23 Jun 4, 2013
English to Spanish translations [PRO]
Bus/Financial - Accounting / notes to the Accounts - insurance
English term or phrase: closed policy year balance
The Surplus and Reserves table includes the following two entries:

Net transfer to "closed policy year balance" of deficit less future investment income on closure, 2007 (2006)
...
...
Transfer to "closed policy years".
Annie E
balance del año de póliza cerrado
Explanation:
"Salvo cuando los Administradores convengan de otro modo por escrito, todo Miembro que haya inscrito un buque
para su seguro con la Asociación respecto a cualquier año de la póliza (no tratándose de un **año de póliza cerrado**)
aportará, en concepto de cuotas que habrán de cobrarse del Miembro en conformidad con las estipulaciones de las
Reglas 50 y 51, todos los fondos que, en la opinión del Consejo, resulten necesarios:"

http://www.shipownersclub.com/media/352858/2011_club_rules_s...

http://www.merriam-webster.com/dictionary/policy year

"“Closed Policy Year” means a policy year in which all expenses for such policy year have been paid, there are no reserves for losses or loss adjustment expenses, there are no open or anticipated claims and there are no unpaid declared dividends."
Selected response from:

Marta Moreno Lobera
Spain
Local time: 17:58
Grading comment
Gracias, Mercedes.
1 KudoZ points were awarded for this answer



Summary of answers provided
4balance del año de póliza cerrado
Marta Moreno Lobera


  

Answers


14 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
balance del año de póliza cerrado


Explanation:
"Salvo cuando los Administradores convengan de otro modo por escrito, todo Miembro que haya inscrito un buque
para su seguro con la Asociación respecto a cualquier año de la póliza (no tratándose de un **año de póliza cerrado**)
aportará, en concepto de cuotas que habrán de cobrarse del Miembro en conformidad con las estipulaciones de las
Reglas 50 y 51, todos los fondos que, en la opinión del Consejo, resulten necesarios:"

http://www.shipownersclub.com/media/352858/2011_club_rules_s...

http://www.merriam-webster.com/dictionary/policy year

"“Closed Policy Year” means a policy year in which all expenses for such policy year have been paid, there are no reserves for losses or loss adjustment expenses, there are no open or anticipated claims and there are no unpaid declared dividends."

Marta Moreno Lobera
Spain
Local time: 17:58
Works in field
Native speaker of: Spanish
PRO pts in category: 80
Grading comment
Gracias, Mercedes.
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