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Aggregate Limit

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Aggregate Limit
The maximum amount that an insurance policy will provide over a given period of time or over the life of the policy. For example, if an insurance company has agreed to pay all of a person's medical bills up to $100,000 and the person incurs $135,000 in services, the policyholder must pay $35,000 out of pocket. Some supplemental insurance policies provide coverage over the aggregate limit. See also: Stop loss insurance.


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The program calls for annual aggregate limits of $10 billion to $20 billion for companies engaged in offshore oil exploration and production.
The aggregate limits on this will fall to 25pc from 40pc for conventional banks, while the limits for Islamic banks will also be tightened.
Require Chinese suppliers to maintain product liability insurance, at the supplier's expense, with acceptable occurrence and aggregate limits.
 
 
 
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