Aggregate excess insurance definition
Aggregate excess insurance means an insurance product that limits a group self-insurance association's annual aggregate liability to an agreed upon amount.
Aggregate excess insurance means that type of coverage whereby the insurer agrees to reimburse the insured employer or trust for all benefits or claims paid during an agreement period on behalf of all covered persons under the plan or trust which exceed a stated deductible amount and subject to a stated maximum.
Aggregate excess insurance means insurance which provides that the excess insurer pays on behalf of or reimburses a self-insurer for its payment of benefits on claims incurred during a policy period in excess of the retention amount to the excess insurer's limit of liability.
More Definitions of Aggregate excess insurance
Aggregate excess insurance means insurance purchased from either an insurer or a non-admitted surplus line company licensed or approved by the Insurance Commissioner of Colorado that is liable for payment of the aggregate of all self-insured claims in excess of a retained predetermined aggregate value paid by the self-insured.
Aggregate excess insurance means that type of coverage whereby the insurer agrees to reimburse the insured employer or trust for all benefits or claims paid during an agreement period on
Aggregate excess insurance means that type of 37
Aggregate excess insurance means the amount of insurance required to cover the total accumulated workers’ compensation benefits for all claims payable for a given period of time with the Employer retaining an obligation for a designated amount as a deductible and the insurer paying all amounts due thereafter up to a maximum total obligation.
Aggregate excess insurance means that insurance purchased from either an insurer or a non- admitted surplus line company licensed or approved by the Insurance Commission of Colorado in which the self-insured pays the aggregate of all self-insured claims up to the predetermined aggregate
Aggregate excess insurance means that type of coverage whereby the insurer agrees to reimburse the insured employer or trust for all
Aggregate excess insurance means that type of 36