Identify the stop-loss insurance contract in which a limit is set for the total claims in a year.
A)Participative stop loss
B)Aggregate stop loss
C)Distributive stop loss
D)Specific stop loss
E)Contributory stop loss

Question

Quizplus · Accepted Answer

Aggregate stop-loss insurance is designed to limit the total amount of claims an employer is responsible for over the course of a policy year, covering all claims up to a set amount.

Identify the Stop-Loss Insurance Contract in Which a Limit Is