Qu'est-ce que Limite globale ?
Limite globale The maximum amount an insurer will pay for all covered losses during a policy period, regardless of the number or type of individual claims filed.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Limite globale” Used in Practice?
Une fois la limite globale atteinte, l’assureur n’est plus tenu de payer des sinistres supplémentaires pendant la même période de police.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Qu'est-ce que Limite globale ?
The maximum amount an insurer will pay for all covered losses during a policy period, regardless of the number or type of individual claims filed.
Where can I learn this term for free?
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