Qualifying Loss

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Qualifying Loss

In insurance, the value of an insured event for which the insurance company must pay. For example, if the deductible for a policy is $1,000 and the insurer must pay all losses above that amount, the qualifying loss for a policyholder who endures a loss of $1,500 is $500.
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A qualified loss is one caused by a specified fraudulent arrangement and resulting in a federal or state criminal charge of theft (larceny, embezzlement, robbery and similar offenses) or criminal complaint making such allegations.
4, will be based in Singapore and brings to his new position more than 30 years of experience as a qualified loss adjuster and claims professional in a wide range of industries, including construction, hotels, department stores, office buildings and manufacturing.
In a nutshell, the safe harbor allows a Qualified Investor with a Qualified Loss from a Specified Fraudulent Arrangement to take a deduction under Code [section]165 in the Year of Discovery equal to the Deductible Amount, provided that certain Procedures are followed.
A Qualified Loss is a loss which results from a Specified Fraudulent Arrangement in which two circumstances exist.
If a qualified investor with a qualified loss follows the procedures described in the revenue procedure, the Service will not challenge:
As soon as possible, businesses must identify the extent of the damage through qualified loss adjusters and then notify their insurer to negotiate settlement.
A variety of films, booklets, and seminars are available through qualified loss control specialists to assist in the development of these in-service clinics.
He has a degree from National University in San Diego and is certified by the Texas Department of Insurance as a qualified Loss Control Representative.
Alternatively, a qualified loss is one in which either (a) the lead figure has admitted the fraud, as alleged or attested by affidavit in a state or federal criminal complaint, or (b) a receiver or trustee has been appointed with respect to the scheme, or its assets have been frozen.
Formed over 10 years ago, Lynch Ryan was the nation's first firm specializing in employer-based loss reduction and the first company in Massachusetts accredited under the state's innovative Qualified Loss Management Program (QLMP).
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