Home > Glossary

Claim Expense

Definition

Expenses of adjusting claims—for example, allocated claim expenses; court costs, fees, and expenses of independent adjusters, lawyers, witnesses, and other expenses that can be charged to specific claims; and unallocated claim expenses that represent salaries and other overhead expenses that are incurred in adjusting and recording claims but that cannot be charged against specific claims.

Register for Personal Lines CE Courses
Register for Commercial Lines CE Courses
Prelicense.com

Navigation

Social Media

User ID: Subscriber Status:Free