Contents: The Total Paid Expenses report includes all ALAE / DCC and ULAE / AO expense payments and voided expense payments. Separate subtotals are provided of total expense offsets and total expenses paid, with a combined grand total for month to date. Information included is:
Claim Number: Claim number assigned to the claim.
Policy Number: The number assigned to the policy.
Policy Effective Date: The effective date of the associated policy
Line of Coverage: The associated Line of Coverage / Feature description.
Agency Code: The code assigned to the associated agency on the policy.
Adj: Adjuster Initials
"In Suit" Flag ("Y" or "N"): This is used to identify if the Line of Coverage / Feature is flagged as "In Suit."
Loss Date: Date of loss.
Check Date: The date the check was issued.
Effective Date: The date the transaction was issued / approved.
Check Number: Check number assigned to the check.
Printed: "Y" or "N." This flags whether or not the check was printed.
Status: The check status ("A" Active or "V" Void).
Check Amount: Amount of the expense payment or offset in the Check Amount field. (Note: Payments are signed as a debit and offsets are signed (-) as a credit.)
Who Uses Report: The report is used by claims management to monitor expense financials for the selected report period.
When to Run Report: Can be run at any time preferably after End of Month Processing.
Input Parameters:
Date From / Date To
Company (With an option for "All")
State (With an option for "All")
Line of Business (With an option for "All")