Specific attachment point means the dollar amount in losses attributable to a single individual in a policy year beyond which the medical stop–loss insurer assumes all or part of the liability for losses incurred by the insured.
Specific attachment point means the amount of claims incurred per natural person, including, without limitation, an employee of the small employer or a dependent of an employee of the small employer, who is a member of the insured group above which an insurer incurs a liability for payment.
Specific attachment point means the amount of claims incurred per natural person, including, without limitation, an employee of the small employer or a dependent of an
Examples of Specific attachment point in a sentence
Notice of Claim Specific Excess Loss - YOU must give written notice of claim to US within 30 days of the date YOU become aware of claims, with respect to a Covered Person, that have reached 50% of the Specific Attachment Point; however, LC’s and PCL’s should be reported within the time frame specified in the previous paragraph.
WE will reimburse YOU for Plan Benefits Paid in excess of the Specific Attachment Point, not to exceed the Specific Lifetime Maximum amount shown in the Application/Schedule.
More Definitions of Specific attachment point
Specific attachment point means the dollar amount in losses
Specific attachment point means the dollar amount of covered claims attributable to a single individual covered by a small employer plan in a contract year beyond which the stop- loss insurer assumes the liability for losses incurred by the small employer plan, subject to limitations included in the contract.
Specific attachment point means the amount of claims incurred per natural person, including, without limitation, an employee or nonemployee of a small employer, who is a member of the insured group beyond which an insurer incurs a liability for payment.
Specific attachment point. ’ means the dollar amount per person or participant, for each policy year beyond which the carrier issuing the insurance coverage assumes some or all of the plan’s liability for payment of covered services or benefits.
Specific attachment point means the amount of claims incurred per individual who is a member of the insured group beyond which an insurer incurs a liability for payment.
Specific attachment point means the amount which is retained and Paid by YOU during the Reinsurance Agreement Period. It is not considered for reimbursement under this Reinsurance Agreement. The Specific Attachment Point applies separately to each Covered Person. The Specific Attachment Point is shown in the Application/Schedule. Specific Lifetime Maximum Reimbursement means the maximum amount WE will reimburse YOU with respect to any Covered Person under this and prior or later Reinsurance Agreements issued by US. The Lifetime Maximum excludes the Specific Attachment Point amount. The Lifetime Maximum will not exceed the lessor of:
Specific attachment point. The per Covered Person attachment point as shown in the Schedule. Stop Loss Premium: The total premium amounts noted in the Schedule.