MLchartDataset catalogue

Split limits

Term · Insurance and risk management · MLC-T-INS-003143

A method of expressing liability coverage amounts in an auto insurance policy, typically shown as three separate numbers. These numbers represent the maximum payment for bodily injury per person, bodily injury per accident, and property damage per accident. For example, 25/50/25 means $25,000 per person, $50,000 per accident for bodily injury, and $25,000 for property damage.

Table 1. Record
IdentifierMLC-T-INS-003143
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-003143",
  "term": "Split limits",
  "field": "Insurance and risk management",
  "definition": "A method of expressing liability coverage amounts in an auto insurance policy, typically shown as three separate numbers. These numbers represent the maximum payment for bodily injury per person, bodily injury per accident, and property damage per accident. For example, 25/50/25 means $25,000 per person, $50,000 per accident for bodily injury, and $25,000 for property damage.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/split-limits/"
}

Record 3,247 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.