Policy limit

policy limit
limit of coverage provided by an insurance policy, known as a maximum lifetime benefit. For coverage of individuals, roughly two-thirds of existing policies have a limit of $1 million or more; 21% have no limit.

Policy limit
The maximum dollar amount of coverage provided by an insurance company for a certain policy.

policy limit Maximum lifetime benefit of a given insurance policy; often $1 million, although some policies have no limit.

While on the surface it appears the broker represents the buyer (not the insurance company), and typically counsels the buyer on appropriate coverage and policy limitations, ...

Named Perils Policy.
Any marine policy limiting coverage to perils specifically listed in the policy; opposed to All Risks policy. See "All Risks." ...

Way in which an investor seeks to assess an appropriate long-term "normal" mix of assets that represents an ideal blend of controlled risk and enhanced return.
Policy limit ...

A corporate resolution is required to open the account in order to document the individual(s) within the corporation having trading authority on the account, and to set investment policy limits for those individuals.

See also: Acquisitions, Expense, Premium income, Political risk, Banks