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.
References in periodicals archive ?
In parallel, it has been reducing primary commercial D&O aggregate limits by approximately 30% and primary commercial D&O policies with limits greater than $10 million in lead layers by over 45%.
Additionally, there is also new added supplemental coverages that provide limits of liability separate from and in addition to the aggregate limits provided under the policy, with no self-insured retention.
In 2003, the Insurers notified WECCO that the aggregate limits contained in the primary policies issued to WECCO had exhausted and that, as a result, the Insurers were no longer obligated to defend or indemnify WECCO under these policies.
Large single obligor limits (in excess of EUR10 million) represented about 31% of CSR's aggregate limits at end 1H17.
Enhancements to the DairyProtector and FeedLotGuard programs include AgriCover for Property (including extended replacement costs); AgriCover for Liability (including aggregate limits per location); and Chemical Drift and Environmental Pollution Coverage.
The aggregate limits of the underlying and excess policies are $1 million and $10 million, respectively.
You heard that correctly--we caught (close to) our limit of beastly vermilions, aside from our personal snapper aggregate limits.
Designed in cooperation with BDAE Expat Consultancy and reinsured by Allianz, MaxMedical combines comprehensive benefits with worldwide geographical coverage, extensive network of service providers and the highest aggregate limits.
In commercial liability policies, many forms may contain "aggregate limits." Other claims may erode those limits to far less than is necessary to settle pending claims.
The new Data Security endorsement provides four optional coverages, each with separate and varying aggregate limits, sub-limits, and deductibles, allowing agents to tailor coverage to their customers specified needs.
First, on April 2, 2014, the Supreme Court, in a 5-4 decision written by Chief Justice John Roberts, overturned the section of federal election law setting "aggregate limits" on campaign contributions.
Although the bank can meet the new aggregate limits, the bank's exposure to countries that are below-investment-grade or unrated is slightly above the 15 per cent limit, and thus Bank Muscat will need to reduce its exposures to comply with the new requirement.

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