Definition and Citations:
In Insurance, this is a multi-used term. Loss or damage payout typically has a maximum benefit as a limit. An insurer often has an age limit beyond which no policy will be issued. Some policies end at an age limit.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
In Insurance, this is a multi-used term. Loss or damage payout typically has a maximum benefit as a limit. An insurer often has an age limit beyond which no policy will be issued. Some policies end at an age limit.