Policy Limits definition

Policy Limits means the highest amount available under the policy for the claim against [name of plaintiff].

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Policy Limits. Arizona Drivers License # : Expiration Date:

Policy Limits. Bodily Injury/Property Damage Combined Single Limit of $1,100,000; Deductible: No greater than $1,000.00; Endorsements:

Examples of Policy Limits in a sentence

• As respects losses subject to this Contract, all loss settlements made by the Company, whether under strict Policy terms or by way of compromise, and any Extra Contractual Obligations and/or Loss in Excess of Policy Limits, shall be binding upon the Reinsurer, and the Reinsurer agrees to pay or allow, as the case may be, its share of each such settlement in accordance with this Contract.

• The Reinsurer shall pay to the Company the Reinsurer’s quota share of losses under the Policies, Loss Adjustment Expense, Extra Contractual Obligations, and Loss in Excess of Policy Limits covered under this Contract.

• As respects losses subject to this Contract, all loss settlements made by the Company, whether under strict Policy terms or by way of compromise, and any Extra Contractual Obligations and/or Loss in Excess of Policy Limits, shall be binding upon the Reinsurer.

• Policy Limits - Required limits may be satisfied by a combination of primary and umbrella or excess liability policies.

• As respects losses subject to this Contract, all loss settlements made by the Company, whether under strict Policy terms or by way of compromise, and any Extra Contractual Obligations and/or Loss in Excess of Policy Limits, shall be binding upon the Reinsurer, and the Reinsurer agrees to pay or allow, as the case may be, its share of each such settlement immediately upon receipt of proof of loss.

More Definitions of Policy Limits

Policy Limits means in relation to any eligible Healthcare Service the maximum amount payable by Southern Cross per Operation, per procedure, per item, per day, per Lifetime or as an Annual Limit as

Policy Limits means the highest amount available under the Farmers policy for the claim that was assigned to Mr. Pinto. [¶] A settlement demand for an amount within policy limits is reasonable if Farmers knew or should have known at the time the demand was rejected that the potential judgment was likely to exceed the amount of the demand based on Mr. Pinto’s injuries or loss and the insured’s or insureds’ probable liability. However, the demand may be unreasonable for reasons other than the amount demanded.”

Policy Limits. $ Insurer/Certificate: In c com This For All Comme By signing this document, Special User acknowledges that the Association reserves the right to inspect/audit he books and records to verify gross revenue and the amount of the fee to be paid. [Section 1802 (c) (1) (2)] Signature: Date: Member Tract/Lot No.: Purpose of Use: Requested Date(s) of Use: Contact/Person Responsible: Telephone: Email Address: Set Up Time: Start Time: Clean Up: End Time:

Policy Limits means the amounts set forth in Item 6 of the Declarations and described in Section III of this Policy.

Policy Limits. The following minimum policy limits must be met. In the event where the general liability, automobile liability, and/or employers liability limits cannot be met, umbrella/excess liability may be used to meet the required limits. Coverage must be on a follow form basis and be primary / non-contributory as noted above. If the policy does not have an endorsement providing that the general aggregate limit applies separately to this Project, or if defense costs are included in the general aggregate limit, then the required aggregate limits shall be increased by $1,000,000. All coverages and endorsements must be in effect prior to commencement of Work and remain in effect, renewed and reissued as necessary, for a minimum of six years beyond substantial completion of the Project or the period of time Subcontractor may be held legally liable for its Work, whichever is longer. Commercial General Liability, General Aggregate $ 2,000,000 Products – Completed Ops Aggregate $ 2,000,000 Personal and Advertising Injury $ 1,000,000 Each Occurrence $ 1,000,000 Auto Liability $ 1,000,000 Washington Stop Gap (Employers Liability) $ 1,000,000 Contractor's Pollution Liability, General Aggregate $ Maximum Limits Carried Umbrella / Excess Liability $ Maximum Limits Carried ($5M Minimum) Professional Liability (Errors and Omissions), General Aggregate $ Maximum Limits Carried

Policy Limits. The maximum policy limits for Policies are as follows:

Policy Limits. State & Federal Acts, Statutory Employers Liability,