Insurance   A layperson's glossary of insurance terminology.

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what is...
LIMIT
Maximum amount of insurance that can be paid for a covered loss.
ALSO SEE: ACCIDENT AND HEALTH INSURANCE, MEDICAL PAYMENTS INSURANCE, BUSINESS INCOME INSURANCE, DEFINED CONTRIBUTION PLAN, UNIVERSAL LIFE INSURANCE, RENEWABLE TERM INSURANCE, HURRICANE DEDUCTIBLE, CLAIMS-MADE POLICY, UMBRELLA POLICY, CAPACITY, RIDER

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