gross loss expense, allocated

  • The aggregate expense of investigating and adjusting specific claims that are charged directly to the individual claim files with no deductions for credits or reinsurance.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).