loss expense, unallocated

  • General expenses of investigation and adjustment of claims that are of such nature that they cannot be allocated to a specific claim file. The chief items are adjusters’ expenses and a percentage of certain underwriting expenses.

    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).