What does Assumed Expense mean? Read on to discover the definition & meaning of the term Assumed Expense - to help you better understand the language used in insurance policies.
Refers to the amount of money that will be spent to get a policy into the hands of the policyholder. These costs include items like commissions, underwriting expenses, salaries for company employees, state insurance filing fees, and product development costs.
We hope the you have a better understanding of the meaning of Assumed Expense.