Aggregate Stop Loss Insurance
Definition of "Aggregate stop loss insurance"
Coverage that goes into effect when an employer who has self insurance has its total group health insurance claims attain a certain level, which is usually 125% of its annual projected group health claims costs.
Popular Insurance Terms
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Record of ordinary policies that a combination agent is responsible for servicing. ...
Professional designation conferred by the American College. In addition to professional business experience in insurance planning and related areas, recipients must pass national ...
Reinsurance clause that stipulates that the reinsurer will be subject to the same fate as the ceding company. ...
Return of a prorated portion of premium after a policy is canceled by the insurer. Under most property and liability insurance policies, the insurer can cancel at any time but must return ...
Claim by the pension benefit guaranty corporation (PBGC) against an employer for reimbursement of the PBGC's loss (for a terminated plan) up to 30% of the net worth of the employer. If this ...
Losses representing claims not paid. ...
Home office underwriter who evaluates risk based on probability, statistics, and medical knowledge. ...
Arrangement in which a re insurer makes payments to an insurer whose losses exceed a predetermined retention level. Non proportional reinsurance is either facultative or automatic. ...
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