MLchartDataset catalogue

Stop loss

Term · Insurance and risk management · MLC-T-INS-003196

A provision in an insurance policy or reinsurance treaty that limits the total amount of losses an insured or reinsured will have to bear in a given period. Once the aggregate losses exceed this predetermined limit, the insurer or reinsurer covers all additional losses up to the policy maximum. It protects against catastrophic or unexpectedly high claim volumes.

Table 1. Record
IdentifierMLC-T-INS-003196
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003196",
  "term": "Stop loss",
  "field": "Insurance and risk management",
  "definition": "A provision in an insurance policy or reinsurance treaty that limits the total amount of losses an insured or reinsured will have to bear in a given period. Once the aggregate losses exceed this predetermined limit, the insurer or reinsurer covers all additional losses up to the policy maximum. It protects against catastrophic or unexpectedly high claim volumes.",
  "url": "https://mlchart.com/terminology/insurance/stop-loss/"
}

Record 3,267 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.