Any INSURANCE coverage that an INSURED arranges over and above the primary insurance contract, such as an UMBRELLA POLICY . Excess insurance is generally designed to protect against losses from […]

A yield based on Interest above the guaranteed rate amount. Increase the cash value of a policy.

Any INSURANCE coverage that becomes effective once the INSURED

Setting a value as a ceiling that is higher than the normal ceiling set in this type of agreement. Can also be a second agreement with a higher ceiling than […]

A broker licensed to work with insurance companies not licensed in the broker’s state.

Compensation -to-insurer rate out of a retrospective rating formula used by the insured to limit a large loss.

Expense for using more miles than the maximum agreed to on a lease or rental contract.

This occurs when a case is heard by the right jurisdiction but the judge then exceeds his jurisdiction when giving judgement.

A REINSURANCE arrangement where a REINSURER assumes RISKS and returns in specific horizontal or vertical layers; depending on the magnitude of losses and the sequence and level of ATTACHMENT a […]

Reinsurance coverage for losses above an agreed-to maximum amount. Meant to protect the insurance company originator. Refer to reinsurance.

a statement that goes beyond any limits of privilege and it is violent, intemperate or irrelevant .

Reinsurance against loss above the limit for each occurrence. It covers the originating insurer.

A plan that includes social security in its retirement funding.

a form of income tax that is calculated on the profits that are greater than a percentage of the invested capital.

A condition where buyers want more quantity at a specific price than sellers will supply. This causes a shortage. Typically the price is below the equilibrium price where sellers sell […]

A condition where sellers have more quantity at a specific price than buyers will buy. This causes a surplus. Typically the price of the goods is higher than the equilibrium […]

Banks having more cash reserve than the law requires. Low economic activity, weak loan demand, high interest rates, or tight monetary policies are typical contributing causes for this condition.

Difference between higher return rate and a lower risk free rate. An example is a return rate is 5 percent and a risk free rate of 1.5 percent results in […]

Value declared for a shipment greater the carrier liability limit.

Tending to or marked by excess, which is the quality or state of exceeding the proper or reasonable limit or measure. Railway Co. v. Johnston, 106 Ga.i.30, 32 S. E. […]

This the term that is given to a tax assessment that is too high and does not conform with other evaluations.

a bail at larger than the amount that is necessary to ensure a person will not jump bail and will appear in court.

Damages awarded by a jury which are grossly in excess of the amount warranted by law on the facts and circumstances of the case; unreasonable or outrageous damages. A verdict […]

In a given situation, the use of aggressive capability above expectation . The capability use is deemed unreasonable or unwarranted.

the name given to a sentence that is longer than the time this is fixed by a law.