MLchartDataset catalogue

Increased limit factors ILF

Term · Insurance and risk management · MLC-T-INS-001786

Multipliers applied to the premium for basic insurance coverage to calculate the premium for higher limits of liability. These factors account for the increased exposure to larger claims as the policy limits rise. They are derived from actuarial analysis of loss data across different liability layers.

Table 1. Record
IdentifierMLC-T-INS-001786
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001786",
  "term": "Increased limit factors ILF",
  "field": "Insurance and risk management",
  "definition": "Multipliers applied to the premium for basic insurance coverage to calculate the premium for higher limits of liability. These factors account for the increased exposure to larger claims as the policy limits rise. They are derived from actuarial analysis of loss data across different liability layers.",
  "url": "https://mlchart.com/terminology/insurance/increased-limit-factors-ilf/"
}

Record 1,702 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.