Direct losses incurred definition

Direct losses incurred means the sum of direct

Direct losses incurred means direct losses incurred from

Direct losses incurred means the sum of direct losses paid, plus an estimate of losses to be paid in the future, for all claims arising from the current reporting period and all prior reporting periods, minus the corresponding estimate made at the close of business for the preceding reporting period. The term does not include home office and other overhead costs, advertising costs, commissions and other acquisition costs, taxes, capital costs, administrative costs, utilization review costs, or claims processing costs.

Examples of Direct losses incurred in a sentence

• In this subchapter: (1) "Direct losses incurred" means the sum of direct losses paid, plus an estimate of losses to be paid in the future, for all claims arising from the current reporting period and all prior reporting periods, minus the corresponding estimate made at the close of business for the preceding reporting period.

• Direct losses, incurred by domestic residents with Rubel deposits, appear to have been limited , losses on the part of foreign currency depositors (private and institutions, residents and nonresidents) occurred and appear to have been substantial .

• Direct Losses Incurred Direct losses incurred should include losses incurred during the reporting year, including amounts held in reserve.

• Eventually, Charlford House was licensed through its local Health Authority, expanded to include treatment for substance abusers and those presenting with co-occurring mental health disorders.

• Direct losses incurred by the Polish nation in the years 1914–1918 are 500–700 thousand fallen soldiers of Polish origin.

More Definitions of Direct losses incurred

Direct losses incurred means direct losses incurred Erom