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Association of Black Insurance Brokers

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Tel: 011 478 0760
Fax: 011 478 0760
Address:
45 Commissioner Street
27th Floor Life Centre
Johannesburg
South Africa
Postbox:
PO Box 62454
Marshalltown
2107
Scope:
Gauteng.
Association of Black Insurance Brokers.
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From The Glossary »

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Limits, Standard:

A term applied to bodily injury and property damage insurance. A policy written with standard limits restricts the liability of the insurer to a specified amount. line In treaty reinsurance a line is equal to a ceding company’s retention. The capacity of a surplus treaty is normally described in terms of the number of lines it contains. The term is also loosely used to describe: _ a class of business, and _ an underwriter’s interest in a risk ...
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