QUESTION 13 Superior Insurance Company pays out $7MM in claims during 2018. Its loss reserves as of 12/31/17 were $15MM. At 12/31/18, it sets up loss reserves of $11MM. Before it issues its financial statements, in February 2019. it incurs additional claims of $3MM, which will be paid later in the year. Its incurred claims for 2018 are: $3MM $7MM $11 None of the above