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Administrative Expense Charge

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What is an administrative expense charge?

What is an administrative expense charge?

Cash amount, generally once a month, is taken from a vehicle policy.

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More glossary terms

Advance Premiums Automobile Liability Insurance Attach Assigned Risk Plan Appraisal Application Anti-Theft Device Aggregate Agent Accident Administrative Expense Charge Adjuster Additional Interest Insured Actuarial Report Actuary Actual Cash Value Accident-Only Policies
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