Indirect Expense definition

Indirect Expense means the management and administrative expenses incurred by the general insurer in relation to the payment of the CL and the URR. Indirect Expenses exclude Direct Expenses and are not allocated to claims, being usually estimated on an aggregate basis across the general insurer or Class of Business.
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Indirect Expense means the management and administrative expenses incurred by the Entity in relation to the payment of the Outstanding Claims Liability and the Future Claims Liability. Indirect Expenses exclude Direct Expenses and are not allocated to claims, being usually estimated on an aggregate basis across the Entity or Class of Business.
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Indirect Expense means the management and administrative expenses incurred by the Entity in relation to the payment of the Outstanding Claims Liability and the Future Claims Liability. Indirect Expenses exclude Direct
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Examples of Indirect Expense in a sentence

  • The term "significant Martin agreement" means any agreement between the General Partner, th▇ ▇▇▇▇nership or the Operating Partnership, on the one hand, and any Martin Entity, on the other hand, that requires aggregate annual paym▇▇▇▇ ▇o or from any Martin Entity or Martin Entities in excess of the Indirect Expense Li▇▇▇.

  • Any approval of Indirect Expense Allowance shall be made in advance through contractual agreement.

  • Personnel Expense Operating Expenses Supplies $ 250 $ 250 Rent/Occupancy $ 200 $ 250 Utilities $ 250 $ 300 IT Operations, Support & Maintenance $ 750 $ 1,000 Client assistance $ 39,510 $ 47,851 Transportation $ 413 $ 450 Training $ 250 $ 250 Insurance $ 250 $ 250 Accounting $ 1,000 $ 1,000 Start-Up Supplies/Laptop Computers $ 2,000 --------------- Indirect Expense (cannot exceed 8% of the total budget) Quarterly reporting is a requirement of payment.

  • Buyer shall seek such settlements diligently and in good faith, and Buyer shall not settle any such Group Indirect Expense matter without the consent of Seller, which consent shall not be unreasonably withheld.