MLchartDataset catalogue

Aggregate

Term · Insurance and risk management · MLC-T-INS-000365

The total amount of money an insurer will pay for all covered losses during a specific policy period, regardless of the number of individual claims. Once the aggregate limit is reached, the insurer's obligation to pay further claims for that period ceases. This limit is distinct from a per-occurrence or per-claim limit.

Table 1. Record
IdentifierMLC-T-INS-000365
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000365",
  "term": "Aggregate",
  "field": "Insurance and risk management",
  "definition": "The total amount of money an insurer will pay for all covered losses during a specific policy period, regardless of the number of individual claims. Once the aggregate limit is reached, the insurer's obligation to pay further claims for that period ceases. This limit is distinct from a per-occurrence or per-claim limit.",
  "url": "https://mlchart.com/terminology/insurance/aggregate/"
}

Record 99 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.