Aggregate Limit

(redirected from Aggregate Limits)

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 ?
The application of aggregate limits must also be studied and outlined in detail.
Fitch's ratings on Max Re reflect the company's disciplined and flexible approach to underwriting risks, through the continued use of its sophisticated models and structuring of every contract with loss caps and aggregate limits, improved operating results posted in 2006 and favorable parent company financial flexibility.
It provides coverage for third party losses resulting from pollution conditions emanating from an insured site, with aggregate limits of up to $40,000,000 available.
Occurrence and claims-made policies are available with limits of liability up to $1 million and aggregate limits up to $5 million.
Under the reinsurance agreement, the issuer provides the cedant with an initial 24% quota share reinsurance for its non-proportional property catastrophe and risk excess of loss reinsurance business, subject to specified occurrence and annual aggregate limits over a two-year period beginning January 1, 2007.
The agreement allows the company to purchase up to $250 million of aggregate limits excess of expected loss ratios.
The CCRRG policy has standard limits (1m/3m with increased aggregate limits available) and is fully reinsured with multiple Lloyds of London reinsurers all rated "A-" or better.
While some sidecars may be capitalized to full aggregate limits, others may not be adequately capitalized to absorb losses that deviate from expectations.
Bollinger will utilize HMI's replacement valuations to help establish appropriate sub-limit or aggregate limits of coverage, based on an individual property owner's requirements.
Fitch expects Max Re to maintain its disciplined underwriting approach in the overall softening market environment, through the continued use of its sophisticated models and structuring of every contract with loss caps and aggregate limits.
The CCRRG policy has standard limits (1m/3m with increased aggregate limits available), a Financial Stability Rate of "A-Exceptional" from Demotech, Inc.
The syndicate introduced strict aggregate limits, purchased additional reinsurance and reduced line sizes.

Full browser ?