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Insurance Claims

5 Posts
1 Sections
1 Types

January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Coordination of Benefits (COB)

Insurance Glossary Health Insurance COB Insurance Over Insurance Claims Payment Multiple Insurance Benefit Coordination Coordination of Benefits COB Insurance Claims Health Insurance

Explanation of the Coordination of Benefits (COB) process in insurance industry when an individual is insured under multiple plans.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Insurance Fundamentals Financial Reporting Risk Management Loss Reserves Insurance Financial Reporting Claim Reserve IBNR Insurance Claims Loss Reserves IBNR Insurance Claims Unpaid Claims Estimated Liabilities Financial Provisioning

An explanation of loss reserves in insurance, illustrating the amount insurers estimate they need to cover unpaid and Future potential claims.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Insurance Law Claims Management Subrogation Insurance Liability Claims Reimbursement Subrogation Insurance Claims Third-Party Liability

Explanation of the insurance concept of subrogation, where an insurer seeks recovery from a third party responsible for causing loss to the insured.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Unallocated Loss Adjustment Expense (ULAE)

Insurance Terms Claims Management ULAE Insurance Loss Adjustment Expense Claims Management ULAE Loss Adjustment Insurance Claims Expense Management

An overview of what Unallocated Loss Adjustment Expenses (ULAE) encompass in the insurance industry, detailing how they differ from direct loss adjustment expenses and their role in managing insurance claims.

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January 1, 1 2 min read Definitions

Insurance Terms Dictionary

Underinsured Motorist Coverage

Insurance Auto Insurance Coverage Options Underinsured Motorist Coverage Auto Insurance Vehicle Policy Insurance Coverage Underinsured Coverage Motorist Coverage Vehicle Insurance Policy Options Insurance Claims

Detailed overview of Underinsured Motorist Coverage in the context of auto insurance, covering what it is, why it's needed, and how it functions.

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