Claim adjustment expense definition

Claim adjustment expense means expenses, other than claim payments, incurred in the course of investigating and settling claims.

Claim adjustment expense means expenses, other than claim pay- ments, incurred in the course of investigating and settling claims.

Claim adjustment expense means expenses, other

Examples of Claim adjustment expense in a sentence

• Claim adjustment expense reserves represent the estimated expenses that will be required to settle these claims.

• Claim adjustment expense reserves represent the estimated expenses relating to settling of these claims.

• Claim adjustment expense is commonly referred to as loss adjustment expense (LAE).

• Case reserves include an estimate for each reported claim based on the undiscounted jury verdict value of said claim.(5) "Claim adjustment expense" means expenses, other than claim payments, incurred in the course of investigating and settling claims.

• However, during this period the number of working age people is expected to decline steadily and of older people to increase.

• Claim adjustment expense reserves represent the estimated expenses relating to the settlement of these claims.