The sum that the insurer or its representatives are legally required to pay through legal ruling or settlement. This sum can include medical and investigative costs.
Related information about ultimate net loss:
- ultimate net loss - Insurance Glossary
ultimate net loss - A term used to specify insured damages in an umbrella liability policy.
- Ultimate Net Loss Definition | Investopedia
The insured's ultimate net loss from costs such as property damage, medical expenses and legal fees will be offset by the portion of the loss that is paid by the ...
- What is ultimate net loss? - BusinessDictionary.com
Definition of ultimate net loss: Total sum an insurer pays (or is obligated to pay) as a result of a claim. It includes all related costs less recoveries made from ...
- Ultimate Net Loss: Definition from Answers.com
Ultimate Net Loss Insurers total payments resulting from a claim, including all related expenses, less any recoveries from salvage, reinsurance, and the.
- What is ultimate net loss? definition and meaning - InvestorWords.com
Definition of ultimate net loss: The sum that the insurer or its representatives are legally required to pay through legal ruling or settlement. This sum can include ...
- Underwriting Year - Glossary of Reinsurance Terms - Guy Carpenter
Ultimate Net Loss. In reinsurance, the unit of loss to which the reinsurance applies, as determined by the reinsurance agreement. In other words, the gross loss ...
- UNL - Ultimate Net Loss
Acronym Finder: UNL stands for Ultimate Net Loss.
- What is ULTIMATE NET LOSS? - The Law Dictionary
Definition of ULTIMATE NET LOSS: the sum that the insurer or its representatives are legally required to pay through legal ruling or settlement. This sum can ...