Record of money spent by an officer or employee in advancement of the Company for which reimbursement will be made by the Company.

A compensation paid to an insurance agent in excess of prescribed commissions.

Payment made to an insurance agent in addition to set commissions.

A flat amount added to the premium of a risk below the experience rating size. This term is found in a workmen’s compensation Policy. The charge is supposed to equate the cost of the Insurance Company of issuing and servicing the Policy of a very small risk.
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A charge added to the premium amount. Most often, this is done to workers compensation policies, or other small policies that have low premiums. The cost of servicing these policies is too much to recoup on premiums alone.

A category of supplemental insurance coverage that pays a percentage of all expenses up to the policy’s maximum dollar limit.

An amount added to the rate to cover expenses.
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MEDICAL,USA: Practice in setting a rate that stands for the amount added to the pure premium required for the expenses of the insurance company such as administrative costs.
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The addition made to the pure premium for an insurance to allow for the insurer’s expenses.

Insurance rating plan which reduces the percentage expense loading factor for large face amounts of Insurance because some of the Insurer’s administrative and selling expenses are not proportional to the face amount of Insurance.

(i) Ratio obtained by dividing written premiums by incurred expenses over a given period. This ratio measures the percentage of the premium used to pay all the costs of acquiring, Writing and servicing Insurance policies. (ii) A percentage added to the net premium income to determine the aggregate incurred losses in order to assess a satisfactory excess point for a stop loss Reinsurance contract.
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Expense ratio is a measure of the level of expenses associated with underwriting activity. It is the ratio of net operating expenses to earned premiums (net of reinsurance).
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MEDICAL,USA: Percentage that shows the relationship of expenses to earned premiums. This proportion is obtained by using a formula of dividing the premiums into the expenses. It shows the percentage of the premium that is used to pay the overhead costs such as costs of acquiring, writing, commissions, marketing, and servicing by the insurance company.
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The dollar amount that represents acquisition and service costs, expressed as a percentage of written premium.
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UK: The fraction arrived at by dividing the amount of premiums into the amount of expenditure.
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REINSURANCE: The percentage of premium used to pay all the costs of acquiring, writing and servicing insurance and reinsurance.
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The portion of the premium dedicated to paying the insurer’s expenses. Losses are not included.

The liability to the insurer for expenses incurred but not paid.
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A liability for incurred but unpaid expenses.

The cost, minus losses, of operating an insurance company.
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The cost of the Insurer of conducting its business other than paying losses.