Annual aggregate definition

Annual aggregate means the total amount of financial responsibility available to cover all obligations that might occur in one year.
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Annual aggregate means the total amount of awards that an owner or operator may obtain during a program year under this chapter.
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Annual aggregate means the maximum financial responsibility requirement that an owner or operator is required to demonstrate annually.
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Examples of Annual aggregate in a sentence

  • Name of insurerBond or policy numberSpecific insuring agreements and clausesCoverage for each claim ($)Annual aggregate coverage ($)Total coverage ($) Amount of the deductible ($)Expiry date (yyyy/mm/dd) If the firm’s insurance or proposed insurance is not in the form of a financial institution bond, explain how it provides equivalent coverage to the bond.

  • Annual aggregate limit shall not be less than $3,000,000 and filed on a “claims-made” form.

  • The policy shall provide limits of$1,000,000 per occurrence for each wrongful act and $1,000,000 Annual aggregate.

  • Annual aggregate limit shall not be less than $2,000,000 and filed on a “claims-made” form.

  • Name of insurerBond or policy numberSpecific insuring agreements and clausesCoverage for each claim ($)Annual aggregate coverage ($)Amount of the deductible ($)Renewal date (yyyy/mm/dd) If the firm’s insurance or proposed insurance is not in the form of a financial institution bond, explain how it provides equivalent coverage to the bond.


More Definitions of Annual aggregate

Annual aggregate means the total remediation costs incurred within a single year for all discharges from underground storage tank systems covered by a single financial instrument.
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Annual aggregate means a “Limit of Liability” up to which “We” will pay during each “ Term” of this “Memorandum” regardless of the number of claims submitted.
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Annual aggregate means the maximum liability of the Insurer under this policy for all losses in each policy period
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Annual aggregate means the dollar amount of all benefits available to a fund participant for the period of time stated on the declarations page of each participation agreement issued by the board, regardless of how many separate occurrences, releases, or third party claims may occur during this same period. State law establishes the annual aggregate at two (2) million dollars.
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Annual aggregate means the dollar amount of all benefits available to a fund par- ticipant for the period of time stated on the declarations page of each participation agree- ment issued by the board, regardless of how many separate occurrences, releases or third party claims may occur during this same peri- od. State law establishes the annual aggre- gate at two (2) million dollars.
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Annual aggregate means the maximum financial responsibility requirement that an owner
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Annual aggregate means the most the Insurer will pay for all loss or damage arising from all Accidents during any one Insurance Period. Annual Aggregate Limit(s) of Insurance are reduced by the amount of any paid loss insured under this coverage extension.
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