Insurance Marketplace Aggregate Retention Amount Law and Legal Definition
According to 31 CFR 50.5 [Title 31 -- Money and Finance: Treasury; Subtitle A -- Office of the Secretary of the Treasury; Part 50 -- Terrorism Risk Insurance Program; Subpart A -- General Provisions], insurance marketplace aggregate retention amount means “an amount for a Program Year as set forth in section 103(e)(6) of the Act. For any Program Year beginning with 2008 through 2014, such amount is the lesser of $ 27,500,000,000 and the aggregate amount, for all insurers, of insured losses from Program Trigger Events during the Program Year.”
Legal Definition list
- Insurance Licensee
- Insurance Fraud
- Insurance Failure to Pay
- Insurance Experience [Federal Crop Insurance Corporation]
- Insurance Defense
- Insurance Marketplace Aggregate Retention Amount
- Insurance Mediation
- Insurance Medical Examination [IME]
- Insurance of Trust Funds
- Insurance Policy Grace Period
- Insurance Pooling
Related Legal Terms
- Accelerated Life Insurance Benefits
- Accident Insurance
- Accidental Death and Dismemberment [Insurance]
- Accommodation Line [Insurance]
- Accountants Professional Liability Insurance
- Accounts Receivable Insurance
- Actual Cash Value Insurance
- Actual Delivery of Insurance Policy
- Actuarial Documents [Federal Crop Insurance Corporation]
- Actuarially Appropriate [Federal Crop Insurance Corporation]
