Specific excess insurance means an insurance product that limits the liability of an individual own risk employer or group self-insurance association specific occurrence liability to an agreed upon amount.
Specific excess insurance means an insurance policy, which insures the amount of a claim from one (1) occurrence involving one (1) or more claimants in the same occurrence or incident of exposure in excess of a specified dollar amount.
Specific 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 a covered person in excess of a stated deductible amount and subject to a stated maximum.
Examples of Specific excess insurance in a sentence
Specific excess insurance is purchased above the self-insured retention.
Specific excess insurance is required of a self-insured employer.
Specific excess insurance is purchased above the self-insured retention/deductible, no aggregate excess coverage is purchased.
Specific excess insurance covers an individual claim up to a threshold and once the pool has paid on that claim up to the threshold, the excess insurance carrier is obligated to pay amounts over the threshold.
Specific excess insurance or reinsurance that provides coverage limits pursuant to G.S. 58-47-95(a).
More Definitions of Specific excess insurance
Specific excess insurance means an insurance product that limits the liability of an individual own risk employer or group self-insurance association specific occurrence liability to an agreed upon amount. "Standard premium" means experience modified workers' compensation premium that has not
Specific excess insurance means insurance purchased from either an insurer or a non-admitted surplus line company licensed by or approved by the Insurance Commissioner of Colorado that is liable for payment of any amount of a claim in excess of a retained predetermined value paid by the self-insured.
Specific excess insurance means a contract or policy of insurance whereby a self-insured employer is indemnified for amounts paid in excess of a specific dollar amount stemming from one (1) injury or exposure for which compensation is provided in this chapter.
Specific excess insurance means that insurance purchased from either an insurer or a non-admitted surplus line company licensed by or approved by the Insurance Commission of Colorado in which for each occurrence the self-insured pays the amount up to the predetermined amount and the insurer or an approved non-admitted surplus line company pays any amount in excess of the retained portion to their limit of liability.
Specific excess insurance means the amount of insurance required to cover the workers’ compensation benefits arising out of a specific occurrence (accident) or occupational disease under the Workers’ Compensation Law with the Employer retaining an obligation for a designated amount as a deductible and the insurer assuming the obligation for all amounts due thereafter up to a maximum total obligation.
Specific excess insurance means that type of coverage whereby the insurer agrees to reimburse the insured employer or