Loss Percentage definition
Examples of Loss Percentage in a sentence
AD&D TABLE OF LOSSES The amount payable is a percentage of the AD&D Insurance Benefit in effect on the date of the accident and is determined by the Loss suffered as shown in the following table: Loss: Percentage Payable: a.
Each Fund involved in an insured loss which involves another Fund shall receive a portion of the proceeds from the Bond equal to the lesser of (i) the amount of that Fund’s loss or (ii) an amount equal to the product of the Bond Amount multiplied by that Fund’s Loss Percentage, which initial allocation assures that each Fund shall receive the full amount of its loss up to the amount of its Basic Coverage.
Column 34 – Direct Loss Percentage Column 2 3 (Direct Losses Incurred)/Column 1 (Direct Premiums Earned) multiplied by 100.
Trigger Event: Will be in effect on any Payment Date on or after the Stepdown Date on which either (i) the Two Payment-Plus Rolling Average for such Payment Date equals or exceeds 11.50%, or (ii) the Cumulative Loss Percentage for such Payment Date exceeds the Cumulative Loss Percentage Trigger for such Payment Date.
Column 45 – Prior Year to Date Direct Loss Percentage Display year-to-date direct loss percentages by line of business for the same quarter of the prior year.