unpaid loss expense

  • This item of expense is the insurance company’s estimate of the amounts that will be expended on expense necessary to liquidate the reserve set up for unpaid losses.

    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).