Aggregate Limit

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.
References in periodicals archive ?
For general bids totaling $100,000 or more, general contractors must file with their bids (1) a copy of a valid Certificate of Eligibility issued by DCAMM, showing that they are eligible to bid on projects in the category of Telecommunications Systems, up to the project amount and up to an aggregate limit, and (2) a completed and signed Update Statement summarizing the contractor s record for the period between the latest DCAM certification and the date the contractor submits its bid.
Removing the aggregate limit on fixed assets was one of the three items voted on in Thursday's board meeting; the other items were including a $1.
Extraordinary trust expenses are subject to an aggregate limit of $300,000 per year.
The bill would also require all mayoral candidates to file reports with the state campaign finance office, prohibit public employees from serving as the treasurer of a political committee, and remove the aggregate limit on individual campaign contributions in response to the Supreme Court ruling.
The current aggregate limit for donations to candidates, for example, is $48,600, which means McCutcheon can give the maximum legal contribution to no more than nine candidates.
In accordance with TSX stock exchange rules, the share repurchase will be taken into account when calculating the annual aggregate limit that CGI may repurchase under its normal course issuer bid.
But removing the aggregate limit would enable wealthy donors to make multimillion-dollar contributions to joint committees that promote the interests of presidential candidates or party leaders.
Blueline and golden tilefish are included in the 20-reef fish per person aggregate limit in Gulf waters.
Should we have a policy with an aggregate limit that is higher than the per-claim limit (e.
Residents may also obtain foreign currency borrowing, including foreign currency trade financing, up to the prevailing aggregate limit of MYR100m, for companies on a corporate group basis, and MYR10m for individuals,' it said.
In other words, regardless of the number of: (a) contracts that the named insured enters, (b) additional insureds which may have rights under the policy, and (c) losses that may be experienced, the insurance company has contracted to provide one aggregate limit that will be available during the policy period to all parties.

Full browser ?