Excess Limit
Definition of "Excess limit"
In a liability insurance policy, limit above the minimum amount of coverage for which the policy can be written according to company or legal restrictions.
Popular Insurance Terms
Individual or entity who enters into a contract or other legal proceeding, such as a lawsuit. ...
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Picture of future dividends that the insurance company expects to be allocated to a specific block of policies. The accuracy of this picture depends on the actual future mortality, ...
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