GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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ALAE

An expense directly assigned to or that arises from a particular claim; examples of Allocated Loss Adjustment Expense include court fees and outside legal counsel. Also known as allocated loss expense.

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Approved for 1 Hour of State Reported CE Credit in AR, AZ, CO, DE, FL, GA, IL, IN, KS, MA, NC, NE, NJ, OK, SC, TN, TX, and UT.