http://www.aaisonline.com/articles/RealisticResv.html

The following hypothetical example or analogy might help newer claim people understand the case reserving process more clearly:

Assume that a family of four is planning a 10-day vacation that will include driving to a resort area several hundred miles from home. The family estimates that the entire vacation will cost $5,000. This includes meals, hotel, gasoline, tolls, and some fun money. Will the family simply budget for $5,000? Maybe, maybe not. It is evident that there is an element of uncertainty in making a trip of this nature, and unforeseen events could arise that increase the cost of the vacation. What if the car breaks down on the way? What if a family member gets sick and must be taken to a hospital emergency room? What if the driver gets ticketed for speeding?

For these reasons, it usually is necessary to carry additional funds (or add in a cushion for safety) to meet these potential contingencies. In all likelihood, the family will budget some extra amount for unforeseen contingencies, perhaps $5,500 or $6,000.

Although the family will try to keep within its $5,000 budget, chances are that the cost of the vacation could exceed the $5,000 estimate. Likening this to a claim reserving situation, some claim people may use the $5,000 as a reserve while others take a more cautious or conservative view and add in an allowance for uncertainty, and might reserve the claim at $5,500 or $6,000.

Case reserves should be checked periodically. Although most companies prefer that the initial reserve accurately reflect the ultimate probable cost of the claim, reality suggests rather strongly that reserves need to be adjusted periodically. As new developments occur in a claim, whether favorable or adverse, reserves should be revised to reflect those developments.

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Artigo 1256.º - (Reserva para garantia das custas e despesas ...
Base de Dados Jurídica com Acesso ao Diário da República, Códigos e Jurisprudência.
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Código de Processo Civil - Art. 1101 a 1200
(Reserva para garantia das custas e despesas). Os pagamentos aos credores com garantia real e os rateios parciais são efectuados por forma que fiquem sempre ...
bo.io.gov.mo/bo/i/99/40/.../codprociv1101.asp - Em cache - Similares