A mortality table based on mortality experience, from which the first few policy years after issue (usually five) have been excluded to eliminate the effect of possible adverse selection.
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An event that results in an Insured loss. In some lines of insurance, such as Liability, it is distinguished from accident in that the loss does not have to be sudden and fortuitous and can result from continuous or repeated exposure which results in bodily injury or property damage neither expected nor intended by the Insured.