Which one of the following statements is correct with respect to bulk (or aggregate) reserves? Select one: A. The bulk reserve includes reserves for only those losses that have been incurred but not yet reported. B. Reported losses for which established case reserves are inadequate are generally not included in the bulk reserve. C. Insurers can usually identify specific claims with inadequate or excessive reserves for inclusion in bulk reserves. D. Bulk reserves include reserves for claims that have been settled and then reopened