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Annual Aggregate Limit

The following information is about Annual Aggregate Limit.

Annual Aggregate Limit Defined

For claims-made carriers, the annual aggregate limit is the maximum amount the carrier will pay for all claims arising from incidents that occurred and were reported during a given policy year. For occurrence carriers, the annual aggregate limit refers to the maximum amount the carrier will pay for all claims arising from incidents that occurred during a given year of insurance.

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Published December 4, 2008, 1:10 pm, US News & World Report

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