alae definition insurance
The Company had previously announced on February 5, 2004 that it had notified the New Jersey Department of Banking and Insurance of the need to increase its loss and allocated loss adjustment expense reserves based on the progress of its annual audit at that time. The term ‘alae’ is the plural of ala (wing), describing either one of the pair of ridges that forms on a nematode or an individual crease found on an individual ridge. The term ‘ala’ is rarely used in describing the alae and scientific journals use the term ‘alae’ both singularly and in the plural. Among the factors that should be considered in average claim cost comparisons is allocated loss adjustment expense (ALAE), which is defined as an expense that can be clearly assigned to an individual claim. Alae (nematode anatomy) The alae is a protruding ridge that forms longitudinally on many nematodes. In the Caenorhabditis elegans nematode they are present in the L1, dauer (an alternative long living larvae stage where the nematode is dormant) and adult stages. (Redirected from Alae (anatomy)) The alae is a protruding ridge that forms longitudinally on many nematodes. In the Caenorhabditis elegans nematode they are present in the L1, dauer (an alternative long living larvae stage where the nematode is dormant) and adult stages. Page 1 of 8. GLOSSARY OF ACTUARIAL AND RATEMAKING TERMINOLOGY. Term Definition. Accident An event or occurrence which is unintended, unforeseen and unexpected; something which could not be considered as a foreseeable occurrence and. consequence of an undertaking; a casualty; mishap. A monetary payment or reserve used to cover expenses incurred in settling. claims; ALAE are those expenses, such as investigative fees, court fees and. outside legal counsel, directly attributable to and associated with settling a. particular claim. Typically, legal expenses are the largest component of allocated loss adjustment expenses. OTC:MIIX) announced it has advised the New Jersey Department of Banking and Insurance (Department) of the need to increase its loss and allocated loss adjustment expense (ALAE) reserves based on the progress of the annual audit to date. The intent of the reinsurance provided by the captive was to reinsure nearly 100% of all indemnity and allocated loss adjustment expense for the parent's risk, yet the captive contested the contract on the basis of ambiguous language. The function of the alae is not yet clear. It is generally given a function related to cuticle strength, nematode movement or fat storage. But the predominant structure of the C. elegans alae contain the ZP domain proteins (CUT-1, CUT-3, CUT-5).
It is a protruding ridge that forms longitudinally on many nematodes.