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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).
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 ...
For example, an annual membership fee for a professional association paid in December 2009 for the year 2010 is deductible in the year 2009. ... (in aggregate), and ...
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,
Keep in mind: The deadline to file your 2023 taxes was April 15, 2024. If you requested an extension, you have until Oct. 15, 2024 to file. Is mortgage insurance tax-deductible? No, private ...
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.
That margin interest is deductible. ... For example, if an investor had $1,000 in investment income, but $2,000 in investment interest expenses, he or she could only deduct the first $1,000. By ...
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.