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.
