Unallocated Loss Adjustment Expense as used herein shall mean any and all expenses paid or due and payable by the Company or a Legal Entity in the investigation, appraisal, adjustment, settlement, litigation, defense or appeal, or payment of claims or judgments arising from each and every loss or loss occurrence for which the Company or a Legal Entity is or may be found liable under the Policies that do not constitute Allocated Loss Adjustment Expense.

Unallocated Loss Adjustment Expense or "ULAE" means costs that cannot be associated with specific claims but are related to the claims adjustment process, such as administrative and internal expenses related to settlement of claims at the termination of the program.

Unallocated Loss Adjustment Expense as used herein shall mean any and all expenses paid or due and payable by the Company or a Legal Entity in the investigation, appraisal, adjustment, settlement, litigation, defense or appeal, payment or subrogation of claims or judgments arising from each and every loss or loss occurrence for which the Company or a Legal Entity is or may be found liable under the Policies that do not constitute Allocated Loss Adjustment Expense.

Examples of Unallocated Loss Adjustment Expense in a sentence

Unallocated loss adjustment expense (ULAE)" means costs that cannot be associated with specific claims but are related to the claims adjustment process, such as administrative and internal expenses related to settlement of claims at the termination of the program.[Statutory Authority: 2011 c 43.
Unallocated loss adjustment expense shall be reimbursed to the Company pursu- ant to a ‘‘ULAE Schedule’’ coordinated with the Company and provided by the Federal In- surance Administrator.
Unallocated loss adjustment expense consists of company overhead expenses needed to administer open and unreported claims.
Unallocated loss adjustment expense shall be reimbursed to the Company pursuant to a “ULAE Schedule” coordinated with the Company and provided by the Federal Insurance Administrator.
Unallocated loss adjustment expense for workers’ compensation and employers’ liability insurance is defined in the New York Workers’ Compensation Statistical Plan.

More Definitions of Unallocated Loss Adjustment Expense

Unallocated Loss Adjustment Expense or "ULAE" means costs that cannot be associated with specific claims but are related to the

Unallocated Loss Adjustment Expense means those costs and expenses incurred by a Party that are associated with the service and management of the Subject Business and that are not Loss Adjustment Expenses, such as personnel costs, overhead or similar internal costs. For the avoidance of doubt, whether or not the Company or the Reinsurer reflects an expense as an Unallocated Loss Adjustment Expense on its financial statements or other books and records shall not affect whether such expense qualifies as Unallocated Loss Adjustment Expense for purposes of this Contract.

Unallocated Loss Adjustment Expense has the meaning given to it in the Loss Portfolio Transfer Agreement.

Unallocated Loss Adjustment Expense or "ULAE" shall mean the salaries of the officials or regular employees of the Reinsurer or its delegee(s) or office expenses, fees or costs of whatever kind of the Reinsurer or its delegee in connection with the administration of the Covered Contracts.

Unallocated Loss Adjustment Expense as used in this Contract shall mean the salaries of employees of the Reassured and normal office expenses.

Unallocated Loss Adjustment Expense as used herein shall mean any and all expenses paid or due and payable by the Company or a Legal Entity in the investigation, appraisal, Effective: January 1, 2008 2008 Property Catastrophe Excess of Loss Contract — $800m x $50m adjustment, settlement, litigation, defense or appeal, payment or subrogation of claims or judgments arising from each and every loss or loss occurrence for which the Company or a Legal Entity is or may be found liable under the Policies that do not constitute Allocated Loss Adjustment Expense.