Specific excess insurance means an insurance product that limits the liability of an individual own risk employer or group self-insurance association specific occurrence liability to an agreed upon amount.
Specific excess insurance means an insurance policy, which insures the amount of a claim from one (1) occurrence involving one (1) or more claimants in the same occurrence or incident of exposure in excess of a specified dollar amount.
Specific excess insurance means that type of coverage whereby the insurer agrees to reimburse the insured employer or trust for all benefits or claims paid during an agreement period on behalf of a covered person in excess of a stated deductible amount and subject to a stated maximum.
Examples of Specific excess insurance in a sentence
Specific excess insurance covers an individual claim up to a threshold and once the pool has paid on that claim up to the threshold, the excess insurance carrier is obligated to pay amounts over the threshold.
Specific excess insurance is purchased above the self-insured retention/deductible, no aggregate excess coverage is purchased.
Specific excess insurance is purchased above the self-insured retention.
Specific excess insurance is currently purchased from Midwest Employers Casualty Company with a statutory accident/disease limit and an Employer’s Liability limit of $1 million.
Specific excess insurance is triggered when the coverage of a specifically identified primary policy is exhausted.
More Definitions of Specific excess insurance
Specific excess insurance means an insurance product that limits the liability of an individual own risk employer or group self-insurance association specific occurrence liability to an agreed upon amount. "Standard premium" means experience modified workers' compensation premium that has not
Specific excess insurance means insurance purchased from either an insurer or a non-admitted surplus line company licensed by or approved by the Insurance Commissioner of Colorado that is liable for payment of any amount of a claim in excess of a retained predetermined value paid by the self-insured.
Specific excess insurance means a contract or policy of insurance whereby a self- insured employer is indemnified for amounts paid in excess of a specific dollar amount stemming from one (1) injury or exposure for which compensation is provided in this chapter.
Specific excess insurance. Insurance purchased by the Pool from insurance companies and/or Lloyd’s of London, approved by the Board of Directors, or any committee appointed by the Board for such purpose, that provides catastrophe coverage up to the limit(s) chosen by the Pool.
Specific excess insurance means that type of coverage whereby the insurer agrees to reimburse the insured employer or
Specific excess insurance means a contract or policy of insurance whereby a self-insured employer is indemnified for amounts paid in excess of a specific dollar amount stemming from one (1) injury or exposure for which compensation is provided in this chapter. [an insurance policy which insures the amount of a claim from one (1) occurrence involving one (1) or more employees or employers in the same occurrence or incident of exposure in excess of a specified dollar amount.]