limits of liability

limits of liability

Health insurance The maximum amount an insurer will pay out under the terms of a policy
Mentioned in ?
References in periodicals archive ?
New York Governor Mario Cuomo vetoed a bill which would have increased the minimum limits of liability for operators of motor vehicles.
5) If, however, there were a series of consecutive but distinct policies issued to the insured over the course of the relationship with the insurer, then each policy was bound to its own language and its own terms and limits of liability.
Myth #2 Limits of Liability Identified In The Certificate Will Be Sufficient And Available to Cover Loss.
The program offers up to $1 million in limits of liability.
Also offered are other limits of liability through an individual malpractice policy at affordable rates.
All amounts, including deductibles and limits of liability, indicated in this Policy are in the currency of the United States of America, except for Insured Locations in Canada where such amounts will be in Canadian currency.
The risk of diluting limits of liability with multiple Additional Insureds is one reason why camps buy Umbrella or Excess Liability insurance.
Limits of liability are available up to $25 million.
The different regimes apply different principles of responsibility and determine their own limits of liability for the carriers on each mode.
Occurrence and claims-made policies are available with limits of liability up to $1 million and aggregate limits up to $5 million.