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.
References in periodicals archive ?
Such losses must be "qualified losses" from "specified fraudulent arrangements," defined as those in which a party receives cash or property from investors, reports false investment income amounts to the investors and appropriates some or all of the investors' cash or property.
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