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 ?
We agree that the aggregate limit applies, and we therefore affirm on that issue.
This new limit structure provides a dedicated limit for every project a design firm has worked on after the retroactive date stated in the firm's professional liability insurance policy, even if the Policy Aggregate Limit is exhausted.
The excess policy provides drop-down coverage (see below) if the $1 million aggregate limit of the underlying insurance is exhausted during a policy year.
The insurance company has to pay the bills up to the annual aggregate limit.
Guidelines suggest institutions set aggregate limit of 25 percent of eligible capital.
Intended to provide regulatory relief for credit unions, the new proposal eliminates a provision in the current fixed assets rule that establishes a 5% aggregate limit on investments in fixed assets for federal credit unions with $1 million or more in assets.
Instead, companies now purchase an executive liability policy that covers D&O, employment practices, fiduciary, crime, cyber, and kidnap & ransom risks, all of which are subject to one aggregate limit.
Most importantly, it removes the $500 million aggregate limit on assessments on licensed life insurers to cover future insolvencies.
For the 2014 election cycle, the aggregate limit for individual contributions was $123,200.
Furthermore, under each borrower group, the LER provides an aggregate limit of large exposures which applies to the borrower group as a whole as well as an individual limit of large exposures which applies to each individual borrower under such borrower group.
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.

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