Maximum Policy Liability Clause Samples
Maximum Policy Liability. Maximum Policy Liability means the maximum aggregated value of claim payments available during this Policy Period for all Claimable Events and when the Maximum Policy Liability has been exhausted the Insured is not entitled to an indemnity under this Policy.
Maximum Policy Liability. Except as provided by Subsection (b), a title insurance company may not issue a title insurance policy on any real property located in this state involving a potential policy liability of more than 50 percent of the company's capital stock and surplus as stated in the most recent annual statement of the company.