outstanding loss
2.Article 94 An insurance company shall set aside an outstanding loss reserve for the amount of insurance indemnity or the amount of the insurance benefits which have already been claimed, and for those amounts due for which the insured events have occurred, but which has not yet been claimed.
3.Notwithstanding the above, cover hereunder operates in full to indemnify the Insured in respect of physical loss or damage to any outstanding work which is being undertaken during the Defects Liability Period.
