MLchartDataset catalogue

Excess

Term · Insurance and risk management · MLC-T-INS-001365

Insurance coverage that sits above a primary layer of insurance, providing additional limits once the underlying policy's limits are exhausted. It does not provide coverage until the primary policy has paid its full limit for a covered loss. Excess insurance is often used for catastrophic losses or to meet high contractual insurance requirements.

Table 1. Record
IdentifierMLC-T-INS-001365
FieldInsurance and risk management
SubjectExcess Umbrella
Record as JSON 
{
  "id": "MLC-T-INS-001365",
  "term": "Excess",
  "field": "Insurance and risk management",
  "definition": "Insurance coverage that sits above a primary layer of insurance, providing additional limits once the underlying policy's limits are exhausted. It does not provide coverage until the primary policy has paid its full limit for a covered loss. Excess insurance is often used for catastrophic losses or to meet high contractual insurance requirements.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/excess/"
}

Record 1,210 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.