MLchartDataset catalogue

Aggregate limits reinstatement

Term · Insurance and risk management · MLC-T-INS-000370

A provision in an insurance policy that allows for the restoration of the aggregate limit of liability after it has been reduced or exhausted by paid claims. This reinstatement typically requires an additional premium payment from the insured. The terms of reinstatement, including cost and conditions, are specified in the policy wording.

Table 1. Record
IdentifierMLC-T-INS-000370
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000370",
  "term": "Aggregate limits reinstatement",
  "field": "Insurance and risk management",
  "definition": "A provision in an insurance policy that allows for the restoration of the aggregate limit of liability after it has been reduced or exhausted by paid claims. This reinstatement typically requires an additional premium payment from the insured. The terms of reinstatement, including cost and conditions, are specified in the policy wording.",
  "url": "https://mlchart.com/terminology/insurance/aggregate-limits-reinstatement/"
}

Record 101 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.