Examples of Stop Loss Amount in a sentence
Holders should understand that the Stop Loss Amount may be less than the price they paid to acquire the CitiFirst Instalment MINI.
Holders of CitiFirst Commodity MINIs should understand that the Stop Loss Amount, the Termination Amount and the Exercise Amount are calculated in different ways and that the amount that they receive on the expiry of a CitiFirst Commodity MINI will vary depending on the situation in which the CitiFirst Commodity MINI expires.
This means that the amount that a Holder receives (which in the case of a Stop Loss Trigger Event occurring will be the Stop Loss Amount and in the case of an Extraordinary Termination Event occurring will be the Termination Amount) may be less than the amount that a Holder was expecting to receive on the Exercise of a CitiFirst Commodity MINI, and may even be nil.The amount that a Holder receives on the Exercise of a CitiFirst Commodity MINI is determined net of the Exercise Fee.
Recoveries made in any plan year will be applied first to the appropriate Stop Loss Amount, from the applicable contract year, and subsequently, to THE GROUP's claim liability.
Please see Section1.17 above for more information.On the expiry of a CitiFirst Commodity MINI a Holder may receive a Stop Loss Amount, a Termination Amount or an Exercise Amount, depending on the situation in which the CitiFirst Commodity MINI expires.
In no event will Stop Loss payments in any Policy Year for Eligible Claim Expenses in excess of the Aggregate Stop Loss Amount exceed the Maximum Annual Aggregate Stop Loss Payment Amount shown in the Schedule of Insurance.
Subrogation recoveries, as described in the Administrative Services Agreement, will be applied first to the appropriate Stop Loss Amount and, subsequently, to the Group’s claim liability.
Alliant agrees to make an Aggregate Accommodation payment to the Insured at any time during the Policy Year when the Eligible Claims Expenses paid from the first day of the Policy Year, in the aggregate, exceeds (i) the estimated Aggregate Stop Loss Amount per month accumulated since the first day of the Policy Year, less (ii) any Aggregate Accommodation payments previously paid and not repaid.
The Family Individual Stop Loss Amount is the dollar amount of claims per covered Family that must be paid by the Insured prior to any ISL Benefit becoming eligible for payment.
For any Policy Year, the Aggregate Stop Loss Amount is subject to the Minimum Aggregate Stop Loss Amount.