Contents: This report identifies the summary of expenses paid on for a selected month. The subtotals are presented by company, line of business and state, showing paid expense amount totals for each coverage. These totals balance back to the Monthly Expense Paid Detail Report totals. The numbers for this report are derived from the Claim Transaction table. Listed on the report is the following information:
Coverage: Coverage (Description)
Net ALAE/DCC Expense Paid: Paid ALAE/DCC Expense paid total (including Credit to Expense)
Net ULAE/AO Expense Paid: Paid ULAE/AO Expense paid total (including Credit to Expense)
All Expense Paid: All Expense paid total (including Credit to Expense)
Who Uses Report: Used by claims management to monitor paid expense activity by coverage and may be used to balance reported MTD (Month to Date).
When to Run Report: After End of Month End Processing has completed.
Input Parameters:
Company (With an option for "All")
State (With an option for "All")
Line of Business (With an option for "All")
Month
Year