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Aggregate Limit
(redirected from Annual 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.
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The program also provides errors and omissions liability coverage for failure to provide facilities, goods and services up to an annual aggregate limit of $25,000.
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