Total Incurred definition

Total Incurred means the sum of (i) Ultimate Net Loss paid after the IPO Date plus (ii) case reserves for Ultimate Net Loss unpaid.
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Examples of Total Incurred in a sentence

  • On any claim with Gross Total Incurred reserves greater than $1,000,000 (USD 1 million dollars), Trident shall keep Fountain and Patriot reasonably informed in the ongoing handling of that claim.

  • The obligation of each Lender to make any Advance is subject to the condition precedent (unless the Supermajority Lenders, in their sole and absolute discretion, shall otherwise agree) that, giving effect to such Advance, the Lenders will not have funded pursuant to this Agreement more than fifty-five percent (55%) of the Total Incurred Project Cost as of such date, and the Managing Agent shall have received a written certification to that effect from CSG.

  • Incurred (Indemnity + ALAE) End of Month 10.ITD - Total Outstanding Reserve (ALAE) End of Month 11.ITD - Total Outstanding Reserve (Indemnity + ALAE) End of Month 12.ITD - Total Incurred (Indemnity) End of Month 13.ITD - Total Incurred (ALAE) End of Month 14.ITD - Total Incurred (Indemnity + ALAE) End of Month The Administrator shall deliver to the Company and the General Agent copies of its computer databases ("Computer Data") maintained in support of their Claims Reports.

  • Summary of Reimbursable Expenses Incurred to Date (include details and supporting documentation as an Attachment to this Statement for Services Rendered); Type Amount Incurred Multiplier Total Incurred to Date Travel $ .

  • If the Total Incurred Value is $25,001 or greater, at the time settlement is proposed, Contego obtain Guarantee’s written authority to settle.

  • Net Total Incurred Claims PMPM $320.00 ▇▇▇▇▇▇▇▇▇▇ County claims experience for the most recent 12 months trended to contract year 2013(baseline).

  • If the Total Incurred Value is $25,000 or less, at the time settlement is proposed, Contego has full authority to settle without written approval from Guarantee.

  • Contego’s authority to settle cases is dependent upon the Total Incurred Value of the claim at the time settlement is proposed.

  • Total Incurred Value is defined, for purposes of this Agreement, as the gross amount of money paid on the claim for which subrogation recovery is sought.