Claims Allowance
/ˈkleɪmz əˈlaʊəns/
Definitions
- (n.) The approval and acceptance of claims by a claims administrator or insurer, determining that the claim is valid and the claimant is entitled to compensation or benefits.
The claims allowance process confirmed the insured’s right to reimbursement.
Forms
- claims allowance
Related terms
See also
Commentary
Typically used in insurance and legal contexts to specify the formal acceptance of claims before payment or adjudication.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.