Specific excess insurance

Term · Insurance and risk management · MLC-T-INS-003133

An excess insurance form that reimburses a self-insured employer or plan sponsor for any single claim or claimant whose cost exceeds a stated per-claim retention. It is common in self-insured workers' compensation programs and in medical stop-loss coverage for employers. It differs from aggregate excess insurance, which responds only when total losses for the whole period exceed an annual attachment point.

Table 1. Record
Identifier	MLC-T-INS-003133
Field	Insurance and risk management
Subject	Excess Umbrella

Record as JSON

{
  "id": "MLC-T-INS-003133",
  "term": "Specific excess insurance",
  "field": "Insurance and risk management",
  "definition": "An excess insurance form that reimburses a self-insured employer or plan sponsor for any single claim or claimant whose cost exceeds a stated per-claim retention. It is common in self-insured workers' compensation programs and in medical stop-loss coverage for employers. It differs from aggregate excess insurance, which responds only when total losses for the whole period exceed an annual attachment point.",
  "subject": "Excess Umbrella",
  "url": "https://mlchart.com/terminology/insurance/specific-excess-insurance/"
}

Record 3,173 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.