What Does Policy Expense Allowance Mean?

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What does Policy Expense Allowance mean? Read on to discover the definition & meaning of the term Policy Expense Allowance - to help you better understand the language used in insurance policies.

Policy Expense Allowance

Policy Expense Allowance

An amount payable to the cedent by the reinsurer in lieu of actual commissions and expenses incurred by the cedent.

We hope the you have a better understanding of the meaning of Policy Expense Allowance.

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