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The organization that takes the insurance policy is called "the insured" and the employees and other people who are covered through the policy are called "participants." Most of the time there is an annual limit for the stop loss amount for each participant and an aggregate amount for each policy year.
Stop-loss was created by the United States Congress after the Vietnam War. Its use is founded on Title 10, United States Code, Section 12305(a) which states in part: "... the President may suspend any provision of law relating to promotion, retirement, or separation applicable to any member of the armed forces who the President determines is essential to the national security of the United ...
Stop-loss may refer to: Stop-loss insurance, an insurance policy that goes into effect after a set amount is paid in claims; Stop-loss order, stock or commodity market order to close a position if/when losses reach a threshold; Stop-loss policy, US military requirement for soldiers to remain in service beyond their normal discharge date
Stop-loss orders can help protect investors from large losses in volatile markets. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ...
In this edition of The Motley Fool's "Ask a Fool" series, Motley Fool One analyst Jason Moser takes a question from a reader who asks: "When you make a recommendation on one of your share services ...
A leading stop-loss insurance carrier announces SunElite, SM a medical plan document review service to help self-insured employers comply with the Affordable Care Act and manage cost containment
If a loss of $3 million were then to occur, the insurer would bear $1 million of the loss and would recover $2 million from its reinsurer. In this example, the insurer also retains any loss over $5 million unless it has purchased a further excess layer of reinsurance. The main forms of non-proportional reinsurance are excess of loss and stop loss.
Stop-loss insurance provides protection against catastrophic or unpredictable losses. It is purchased by organizations who do not want to assume 100% of the liability for losses arising from the plans. Under a stop-loss policy, the insurance company becomes liable for losses that exceed certain limits called deductibles.