MLchartDataset catalogue

Aggregate limit of liability

Term · Insurance and risk management · MLC-T-INS-000369

The maximum amount an insurer will pay for all covered losses during a specific policy period, regardless of the number of occurrences or claims. Once this limit is reached, the insurer has no further obligation to pay for additional losses within that period. This limit is distinct from a per-occurrence limit, which applies to each individual claim.

Table 1. Record
IdentifierMLC-T-INS-000369
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000369",
  "term": "Aggregate limit of liability",
  "field": "Insurance and risk management",
  "definition": "The maximum amount an insurer will pay for all covered losses during a specific policy period, regardless of the number of occurrences or claims. Once this limit is reached, the insurer has no further obligation to pay for additional losses within that period. This limit is distinct from a per-occurrence limit, which applies to each individual claim.",
  "url": "https://mlchart.com/terminology/insurance/aggregate-limit-of-liability/"
}

Record 100 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.