Block Limit

Block Limit

The maximum amount of money an insurance company will pay out in claims on all policies on a city block. That is, the limit on all policies that a company underwrites on a certain block cannot exceed the block limit. It is a type of blanket limit.
References in periodicals archive ?
Tenders are invited for Improvements of the road from Madagupatti Alagamanagari road to Lakshmipuram road in Sivagangai Block and Solapuram to Karungalakudi road upto Block Limit in Sivagangai Block in Package No 1.
Tenders are invited for Contact Block Limit Switch Inoplusinc Make:Bch.
Indicated block limits were defined by midpoints between the drill holes and the respective boundaries of their associated Inferred resource blocks.