Defense and Cost Containment Expenses definition

Defense and Cost Containment Expenses means expenses paid or incurred for defense, litigation and cost containment services. The amounts reported for an insuring entity’s or self-insurer’s employees should include overhead, just as an outside firm’s charges would include.
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Defense and Cost Containment Expenses as used in this Agreement shall have the meaning given to such terms by the Annual Statement Instructions.
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Defense and Cost Containment Expenses as used in this Agreement shall have the meaning given to such terms by the Annual Statement Instructions. Nothing in this clause shall be construed to mean that losses are not recoverable hereunder until the Company's Ultimate Net Loss has been ascertained.
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Examples of Defense and Cost Containment Expenses in a sentence

  • Except as provided for in Schedule 7.2.d, Defense and Cost Containment Expenses shall not include any part of the salaries of employees of PRS, its overhead, ordinary travel expenses, or other normal or ordinary costs incurred in connection with the services provided under this Agreement or its business as a whole except where indicated as exceptions.

  • Make timely payments of valid claims for compensation, medical expenses, rehabilitation expenses, and other required benefits payable under applicable workers compensation laws and the Policies, together with Defense and Cost Containment Expenses, solely from the Loss Payment Account as defined in Section 7.5, subject to the limitations and requirements of this Agreement and the Claims Service Instructions.

  • Company shall fund the Loss Payment Account in an amount necessary for the purpose of paying losses, claims and Defense and Cost Containment Expenses under or related to the Policies, however this amount shall not be more than estimated payments for losses, claims and Defense and Cost Containment Expenses for three months.