Unallocated loss adjustment expense (ULAE) refers to all external, internal, and administrative...
The basic premium is the underwriting and administrative expense component of premium. It is amounts required for adjusting of expected losses.
It is added to the pure premium to produce the standard premium. In life insurance, the basic premium also includes agent commissions.
Unallocated loss adjustment expense (ULAE) refers to all external, internal, and administrative...