The portion of an insurance rate used to cover claims and the costs of adjusting claims. Insurance companies typically determine their rates by estimating their future loss costs and adding a provision for expenses, profit, and contingencies.
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About this Entry
This page contains a single entry by David published on July 13, 2005 12:15 AM.
LOSS ADJUSTMENT EXPENSES was the previous entry in this blog.
LOSS OF USE is the next entry in this blog.
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