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Aggregate Excess Contract

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Aggregate Excess Contract
A form of stop loss insurance whereby an insurer agrees to pay 80% to 100% (depending on the specific policy) of all costs a person or company incurs over and above the aggregate limit on another insurance policy. The aggregate limit is the total amount an insurance company will pay on a policy; thus, an aggregate excess contract helps defray costs in the event of a catastrophic loss that another policy does not fully cover.


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9 million in the second quarter 2000 under the Company's aggregate excess contracts due to additional ceded losses and loss adjustment expenses of $22.
 
 
 
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