LSDefine

Simple English definitions for legal terms

loading

Read a random definition: SLAPP suit

A quick definition of loading:

Loading is an extra amount of money added to an insurance premium to cover the insurance company's expenses and unexpected events. It's like a fee that helps the insurance company stay in business. Premium is the money you pay to keep your insurance policy active. There are different types of premiums, like advance premium, earned premium, and net premium. Premium rate is the cost per unit of life insurance, usually expressed as a cost per thousands of dollars of coverage.

A more thorough explanation:

Definition: In insurance, loading refers to an additional amount added to the premium to cover the insurer's business expenses and contingencies. It is also known as expense loading. The loading is included in the gross premium, which is the net premium plus expenses, less the interest factor.

Example: If the total premium for a one-year insurance policy is $1,500, and the net premium is $1,200, the loading is $300. This amount covers the insurer's expenses and contingencies.

The loading is necessary for the insurer to cover their costs and make a profit. However, it can increase the cost of the premium for the policyholder.

load fund | load line

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

jackfrost11770

20:59

ALSO CONGRATS!

texaslawhopefully

21:03

Congrats1!

Ratratta

21:15

Miami A, yall I'm so excited I could cry.

Ratratta

21:15

Feel like I can finally stop holding my breath!! Whew!!!

[] baddestbunny

22:16

every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles

Dkk

22:32

Nice! @Macaque

Dkk

22:32

@Aromatic, Have to guess.

Dkk

22:33

That sucks @Bunny do you have to go to the hospital?

[] baddestbunny

22:40

I said accosted not assaulted

JazzyGazelle

23:35

guys. my notre dame address just went long is this good or bad

1a2b3c4d26z

23:37

Oooooo me too

JazzyGazelle

23:37

omg is this good or bad

Dkk

23:47

Idk if gender roles are gunna fix that then.

JazzyGazelle

23:49

it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??

180SupremeWarrior

23:53

hows ED 2 compared to ED 1?

Dkk

0:10

No idea

windyMagician

0:34

reporting live to say my ndls address also went long

JazzyGazelle

0:59

does it mean anything ^

Dkk

2:21

NDLS and Fordham took a very long time last year. It's good info for people to know.

[] baddestbunny

4:29

let’s get after it boys and girls

Dkk

5:21

I gtg to bed soon.

Dkk

5:22

Big day today. Gunna be a crazy one. I will sleep through the first half.

jackfrost11770

5:37

good morning lsd it is 5 am EST

jackfrost11770

5:37

also jazzy my ndls address went long ages ago i sadly do not think it means anything

jackfrost11770

5:38

my stanford address also went long LOL i think at most it's an indicator it's under review

WorthlessAttractiveZombie

7:44

My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs

WorthlessAttractiveZombie

7:46

Also has anyone's date disappeared for W&L? Mine did last night

Manysko

7:55

@WorthlessAttractiveZombie: mine did yesterday morning

Manysko

7:56

Oops sorry I meant Vilanova. Mine disappeared last week

soapy

8:48

UMN under review! As predicted, decisions are gonna come out early December

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