These excerpts taken from the GVHR 10-K filed Mar 16, 2009.
ALAE (Allocated Loss Adjustment Expense)
Loss adjustment expenses that are assignable or allocated to specific claims. Allocated Loss Expenses or ALAE will include, but are not limited to, all fees for service of process and court costs and court expenses; pre- and post-judgment interest; attorneys fees; cost of undercover operative and detective services; costs of employing experts; costs for legal transcripts, copies of any public records and costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of either your or our subrogation rights. ALAE also includes medical management Fees which may include medical bill audit fees, utilization management fees, network access fees and case management fees.
ALAE will not include loss adjustment expenses explicitly included in the premium calculation formula or otherwise explicitly included in the rating values, nor the salary, employee benefits, or overhead of any of our employees, nor the fees of any attorney who is our employee or under our permanent retainer; nor the fees of any attorney we retain to provide counsel to us about our obligations, if any, under any policy issued by us or our affiliated companies, with respect to a claim or suit against you.
ALAE will not
ALAE will not