shall be deemed as as having occurred during that policy year in which the first loss occurred

—— English to Chinese translation

Google Translator

应视为在第一次损失发生的保单年度内发生过
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Youdao Translator

应视为是发生在这一政策今年发生的首次亏损
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Yandex Translator

应当被视为如有发生过这种政策在这一年中的第一损失的发生
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