Allocated expenses

Term · Insurance and risk management · MLC-T-INS-000391

Costs directly attributable to a specific insurance claim, such as legal fees, investigation costs, and expert witness fees. These expenses are tracked separately from the actual indemnity payment made to the claimant. They are a component of the total cost of a claim and are considered when evaluating an insurer's loss adjustment expenses.

Table 1. Record
Identifier	MLC-T-INS-000391
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-000391",
  "term": "Allocated expenses",
  "field": "Insurance and risk management",
  "definition": "Costs directly attributable to a specific insurance claim, such as legal fees, investigation costs, and expert witness fees. These expenses are tracked separately from the actual indemnity payment made to the claimant. They are a component of the total cost of a claim and are considered when evaluating an insurer's loss adjustment expenses.",
  "url": "https://mlchart.com/terminology/insurance/allocated-expenses/"
}

Record 123 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.