What is a "loss run report"?

A loss run report is a comprehensive record that details a policyholder's claims history. This report is crucial for both insurers and insured parties as it outlines all claims that have been filed, including statuses such as open, closed, and reserved losses over a specific period. This information not only helps insurance companies assess the risk and determine future premium pricing based on the claims history but also allows policyholders to understand their claims experience and make informed decisions about their insurance needs.

The other options do not accurately represent what a loss run report entails. For instance, a summary of traffic laws would provide information on legal regulations pertaining to driving but has no connection to individual claims history. An estimate for policy premiums would be a projection of costs based on various risk factors, while a document for claim disputes would typically contain information specific to a single claim that is being questioned, rather than a broad overview of historical claims. Thus, the defining characteristic of a loss run report as a detailed claims history makes option B the correct choice.