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labor contractor
Lamb-Weston rule
lapse
lapse ratio
large deductible plan
large line capacity
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loss adjustment expense (LAE)

The cost of investigating and adjusting losses. LAEs need not be allocated to a particular claim. If they are allocated to a particular claim, they are called "allocated loss adjustment expenses" (ALAE); otherwise, they are unallocated loss adjustment expenses (ULAE).

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