![]() ![]() ![]() Tax Expense means (without duplication), for any period, total tax expense (if any) attributable to income and franchise taxes based on or measured by income, whether paid or accrued, of the Consolidated Entities, including the Consolidated Entity’s pro rata share of tax expenses in any Joint Venture. The Collateral Account, the Collection Account, the Allocated Expense Account, the Extended Note Distribution Account and the Secured Liquidity Note Account shall have been established.ĮxamWorks will perform the MMSEA Mandatory Insurer Reporting function for GH, and its RREs, shall be charged as an Allocated Expense, as defined in Exhibit A, subject to the following.Īllocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses pre- and post-judgement interest fees for service of process attorneys’ fees cost of undercover operative and detective services, costs of employing experts costs for legal transcripts costs for copies of any public records costs of depositions and court-reported or recorded statements costs and expenses of subrogation and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.Įstimated Expense Amount Has the meaning specified in Section 10.01(a) of the Participation Agreement.Įxtra Expense means expense or cost incurred (1) to continue the conduct of the Assured’s business,Ĭovered Expense means expense incurred only for the following: Note: The entire amount of $845.50 should be processed as a Special Allocated Expense, not just the $345.50.Įach allocated Approved Expense, regardless of the party incurring it, shall be reimbursed as described in Section 3.5(b), provided such expense shall be allocated in accordance with the Allocation Rules set forth for each category of cost and service per country or region, as the case may be, in Schedule 3.3(c) attached hereto (" Allocated Expense"). Medical OnlyINFORMATIONAL EXHIBITConsistent with the 2014 Excess Loss Factor methodology that NCCI introduced in Item R-1408-2014 Update to the Retrospective Rating Plan Parameters-Excess Loss Pure Premium Factors and Excess Loss and Allocated Expense Pure Premium Factors, every state has five unique excess ratio curves shaped from the newly refreshed countrywide curves. ![]() Independent Adjusters - If applicable, following any significant loss as a result of a single event (i.e., hurricane, tornado, flood, earthquake, etc.), GB reserves the right to retain outside resources (adjusters) when appropriate and those fees will be paid as an Allocated Expense off the file. Statistical Plan data including the Average Cost per Claim and Allocated Expense Report is used to supplement the information obtained in the claims file review to evaluate carriers’ performance.Įach allocated Approved Expense, regardless of the party incurring it, shall be reimbursed as described in Section 3.5(b) provided such expense shall be allocated in accordance with the Allocation Rules set forth for each category of cost and service per country or region, as the case may be, in Schedule 3.3(c) attached hereto (" Allocated Expense").
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