For which claim log would the entrance of the fiscal year correspond to the date the injury was reported?

• A. The Year Occurred
• B. The Year Reported
• C. The Fiscal Year The Injury Occurred
• D. The Fiscal Year The Injury Was Reported

Answer: (D)

The key idea is that the fiscal year used in a claim log is tied to when the injury is reported, not when it occurred. When a claim is reported, the insurer recognizes the liability and begins budgeting, reserving, and reporting for that period. So even if the injury happened earlier, it should be recorded in the fiscal year of the report date to ensure financial statements and reserves reflect the period in which the claim came to the plan’s attention. This alignment helps accurate budgeting and regulatory reporting. If the injury is reported later, its fiscal year shifts to that report date, not the occurrence date.