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Insurance companies themselves, as well as self-insuring employers, purchase stop-loss coverage for a premium to protect themselves. [1] In the case of a participant reaching more than the specific (or "individual") stop-loss deductible ($300,000, for example), the insurer will reimburse the insured (the company, not the participant) for the remainder of the claim to be paid over that ...
Aggregate XL affords a frequency protection to the reinsured. For instance if the company retains $1 million net any one vessel, $5 million annual aggregate limit in excess of $5m annual aggregate deductible, the cover would equate to 5 total losses (or more partial losses) in excess of 5 total losses (or more partial losses).
For example, with a deductible of 10% with a minimum of $1,500 and a maximum of $5,000, a claim of $25,000 would incur a deductible of $2,500 (i.e. 10% of the loss), and the resulting payment would be $22,500. A claim below $15,000 would incur the minimum deductible of $1,500, and a claim above $50,000 would incur the maximum deductible of $5,000.
Deductibles and premiums typically have an inverse relationship. The higher one is, the lower the other is. If you’re a generally healthy person, you may want to stick with a health plan that ...
Stop-loss policies are instrumental in establishing a "worst-case scenario," or aggregate, for any given year. The aggregate stop-loss helps establish a finite number that can be compared to a plan's guaranteed fully insured cost. If the aggregate cost does not exceed the plans' fully insured guaranteed cost, self-funding may be a viable option.
Unlike home equity loans, which can be tax deductible, ... There’s also a $1,200 aggregate yearly tax credit maximum for home components, energy audits and energy property, while qualifying ...
Determine deductible and non-deductible amounts. Look at your bill carefully and separate the amount paid for property taxes. This excludes any non-tax fees (like garbage collection, sewer ...
Historical (aggregate) data extraction; Adjustments to obtain 'as if' data: present value adjustment using actuarial rate, prices index,... base insurance premium correction, underwriting policy evolution, clauses application 'as if' data, calcul of the 'as if' historical reinsurance indemnity, Reinsurance pure premium rate computing,