MLchartDataset catalogue

Limit

Term · Insurance and risk management · MLC-T-INS-002013

The maximum amount an insurance company will pay for a covered loss or series of losses under a policy. Limits can apply per occurrence, per person, per policy period, or to specific types of coverage. Exceeding this stated amount means the insured is responsible for any remaining costs.

Table 1. Record
IdentifierMLC-T-INS-002013
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002013",
  "term": "Limit",
  "field": "Insurance and risk management",
  "definition": "The maximum amount an insurance company will pay for a covered loss or series of losses under a policy. Limits can apply per occurrence, per person, per policy period, or to specific types of coverage. Exceeding this stated amount means the insured is responsible for any remaining costs.",
  "url": "https://mlchart.com/terminology/insurance/limit/"
}

Record 1,930 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.