LAE definition

LAE means the Spanish lotteries organisation that organises or co-organises the Sorteo Extraordinario de Navidad, the Euromillones, the Bonoloto, the La ▇▇▇▇▇▇▇▇▇ and the El Gordo de la ▇▇▇▇▇▇▇▇▇ lotteries;

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LAE means ALAE and ULAE.

LAE means external expenses incurred in the settlement of claims, including outside adjustment expenses, (including, but not limited to, part-time adjusters), legal fees and other costs associated with the claims adjustment process, but not including general overhead expenses.

Examples of LAE in a sentence

• The A&O subsidy and CAT LAE shown on the September monthly settlement report following the end of the reinsurance year, will not be netted with amounts due from the Company, but will be paid no later than the third business day of October.

• If the Company fails to comply with this provision, FCIC may deny all or a portion of A&O subsidy or CAT LAE.

• The initial payment to the Company of A&O subsidy and CAT LAE will be based on information reported on the September monthly settlement report following the end of the reinsurance year, and will be adjusted monthly thereafter.

• To participate in the LAE Program, a student must have been determined eligible for the LAE Program by the Institution.

• The Institution agrees to use LAE Program funds transferred to it solely for the purposes specified, and in accordance with the provisions set forth in the respective program statutes, federal and state regulations and procedures, the Commission’s website, Grant Operation Memos (GOM), Grant Special Alerts (GSA), and this Agreement.

More Definitions of LAE

LAE means loss adjustment expenses.

LAE. “Company,” and “Defendant” means Los Angeles Engineering, Inc.

LAE means ULAE and ALAE.

LAE means allocated or unallocated loss adjustment expenses incurred on insurance to which this Agreement applies, net of subrogation and reinsurance recoveries.

LAE means all direct expenses incurred in the investigation, adjustment, appraisal or defense for all claims under policies and contracts of insurance reinsured pursuant to this Agreement. Loss Adjustment Expense shall also include office expenses, operating overhead expenses, lease costs and compensation and benefits of regular employees of the claims department, but shall not include investment, Other Underwriting Expenses or non-underwriting expenses of the ceding company. Loss Adjustment Expenses shall include like expenses on reinsurance business assumed from other insurers or reinsurers and shall be reduced by like expenses ceded to other insurers or reinsurers not a party to this Agreement.

LAE means any costs, fees or expenses (including all costs, fees and expenses of investigators, legal advisers, attorneys, medical consultants and/or other experts or witnesses) allocable to a specific Claim or Claims incurred by Employers NY, Administrator, or a third-party claims administrator and reimbursed by Administrator, on behalf of Employers NY, incurred in the investigation, appraisal, adjustment, negotiation, mitigation, settlement, litigation, defense or appeal of any Claim or Legal Action or sustained in pursuing any salvage, subrogation, reinsurance, retrocession, indemnity or contribution towards, or other form of recovery in respect of, a loss from any source in respect of any such Claim or Legal Action, including, but not limited to, court costs and fees, costs of supersedeas and appeal bonds, pre- and post-judgment interest, costs of service of process, copies of any public record costs, depositions and court-reported statement costs, subpoena service fee costs, interpreter fees, costs of retrieval of copies of documents, and declaratory judgment action costs. For the avoidance of doubt, Loss Adjustment Expenses shall not include standard and customary overhead expenses and any of Administrator’s payroll expenses.

LAE means loss adjustment expenses;