Question
Which one of the following is an expense an insurer incurs to investigate, defend, and settle claims that are associated with a specific claim ?
Which one of the following is an expense an insurer incurs to investigate, defend, and settle claims that are associated with a specific claim?
Select one:
a. Unallocated loss adjustment expense (ULAE)
b. Loss reserve
c. Actuarial expense
d. Allocated loss adjustment expense (ALE)
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
