Statutory limits definition

Statutory limits means an insurance carrier's amount of liability under a specific excess insurance policy, capped at the maximum amount allowed by statute.

Statutory limits means the following:

Statutory limits means any limit on compensation taken into account in calculating benefits under the Savings Plan under Section 401(a)(17) of the Code or that directly or indirectly affects the amount of benefits payable from the Savings Plan pursuant to Section 415(c) of the Code or any other applicable Section of the Code.

Examples of Statutory limits in a sentence

• General Liability: $1,000,000 each Occurrence/Aggregate Automobile Liability: $300,000 Includes owned, hired & non‐owned Workers' Compensation: Statutory limits for the jurisdiction in which the Vendor performs under this Agreement.

• General Liability $1,000,000 each Occurrence/ Aggregate Automobile Liability $300,000 Includes owned, hired & non-owned Workers' Compensation Statutory limits for the jurisdiction in which the Vendor performs under this Agreement.

• General Liability: $1,000,000 each Occurrence/Aggregate Automobile Liability: $300,000 Includes owned, hired & non-owned Workers' Compensation: Statutory limits for the jurisdiction in which the Vendor performs under this Agreement.

• General Liability $1,000,000 each Occurrenceƒ Aggregate Automobile Liability $300,000 Includes owned, hired & non−owned Workers' Compensation Statutory limits Umbrella Liability $1,000,000 When the contractor or its subcontractors are liable for any damages or claims, the contractors' policy, when the Vendor is responsible for the claim, must be primary over any other valid and collectible insurance carried by the District.

• Statutory limits are required by South Carolina state law, and employer’s liability limits of $100,000 per accident.

More Definitions of Statutory limits

Statutory limits means, collectively, the limits set forth in Code Sections 401(a)(17), 402(g)(1), and 415(c).

Statutory limits means the limitations on contributions imposed by Sections 415, 401(a)(17) and 402(g) of the Code.

Statutory limits means the provisions of sections 401(a)(17) and 415 of the Code which have the effect of limiting the benefits payable to a Member under the Pension Plans.

Statutory limits means an insurer’s amount of liability under a specific excess insurance policy, capped at the maximum amount allowed by statute.

Statutory limits means the compensations and benefit accrual limits provided under Section 401(a)(17) and Section 415 of the Code, which are imposed on the benefits accrued under the Pension Plan.

Statutory limits means an insurer’s amount of liability under a specific excess insurance policy, capped at the maximum amount allowed by statute. Unless otherwise specified in this Subchapter, defined terms in the Administrative Workers' Compensation Act shall have the same meaning herein. 365:25-25-5. Election notification to the Oklahoma Insurance Department

Statutory limits means the limits imposed by the Code on the amount of a Participant's benefits under the Pension Plan. The Statutory Limits are: