The actual dollar total that has been paid on incurred losses by issuing checks or drafts to claimants.
Property/Casualty] the LOSSes paid as of the VALUATION DATE for CLAIMs covered by a policy or group of policies attributable to a specific coverage period provided by the policy or policies; (2) [Property/Casualty] CLAIM AMOUNTS paid during a specific calendar year (or period)
The losses that have been paid for a claim.
The amount actually paid in losses during a specified period of time, not including estimates of amounts that will be paid in the future for losses that occurred then.