### Question
Can you define what historical loss data means?


### Answer
**Historical loss data** is defined as the following in *15 U.S.C. § 1013*:

> information respecting claims paid, or reserves held for claims reported, by any person engaged in the business of insurance

#### Citation:
  - *15 U.S.C. § 1013*
  - Heading: **CHAPTER 20-REGULATION OF INSURANCE**

