Unclosed business is defined as business written close to the reporting date for which the date of attachment of the risk is before the end of the reporting date.

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Unclosed business refers to business written but not yet expired or settled, where the date of attachment of the risk is prior to the end of the reporting period. This means that the coverage period for such business extends beyond the end of the reporting period.

Unclosed Business Is Defined as Business Written Close to the Reporting