Which one of the following statements is true regarding the accident-year method of estimating losses? Available answer options Select only one option A An accident year's accounts may be kept open until all losses that occurred in that year are fully paid. B As loss payments are made during the accident year, incurred losses decrease. C As loss payments are made during the accident year, incurred losses increase. D As reserves are increased or decreased due to new information on claims, incurred losses remain unchanged