Excess Loss Premium (ELP) Factor

Excess Loss Premium (ELP) Factor,

What Does Excess Loss Premium (ELP) Factor Mean?

Meaning of Excess Loss Premium (ELP) Factor: An element used to calculate insurance costs based on a fixed price plan to limit an individual's loss to a certain level. That is, with PEL, the insured chooses to limit the effect of a single loss through an additional premium.

Literal Meanings of Excess Loss Premium (ELP) Factor

Excess:

Meanings of Excess:
  1. Almost everything is more than necessary, permitted or required.

  2. Lack of moderation in any activity, especially when eating and drinking.

  3. Exceeding the specified or required amount.

Sentences of Excess
  1. Are you stressed out in your life?

  2. Excessive alcohol consumption

  3. Remove excess fat from meat

Synonyms of Excess

glut, superfluous, unwanted, unneeded, prodigality, intemperateness, lavishness, redundant, spare, superfluity, overindulgence, self-gratification, immoderation, profligacy, superabundance, dissolution, profusion, decadence, intemperance, surfeit, lack of restraint, self-indulgence, surplus, oversufficiency, overconsumption, dissoluteness

Loss:

Meanings of Loss:
  1. The fact or action of losing someone else.

Sentences of Loss
  1. Avoid wasting time

Synonyms of Loss

mislaying, misplacement, overlooking, dropping, forgetting

Premium:

Meanings of Premium:
  1. Something that is given as a gift, gift or incentive.

Sentences of Premium
  1. If calculated correctly, the income of a pensionable worker consists of a premium in addition to his salary, which he will have to pay for the equivalent claim.

  2. Those who are reluctant to pay more for organic fruits are reluctant

Synonyms of Premium

instalment, recompense, insurance charge, remuneration, extra amount, prize, perk, bonus, percentage, additional fee, insurance payment, additional payment, extra charge, regular payment, surcharge, extra, reward

Excess Loss Premium (ELP) Factor,

How To Define Excess Loss Premium (ELP) Factor?

The definition of Excess Loss Premium (ELP) Factor is: A factor that is used to calculate the policyholder's costs as part of a past pricing plan to limit individual losses to a certain level. In other words, with PEL, the policyholder chooses to limit the effects of a one-time loss with an additional premium.

Literal Meanings of Excess Loss Premium (ELP) Factor

Excess:

Meanings of Excess:
  1. Excess, permission or required.

  2. Lack of moderation, especially when eating or drinking.

  3. Part of the claim has to be paid by the insured.

  4. Exceeds specified or required amount.

  5. Required as additional payment.

Sentences of Excess
  1. Are you under a lot of stress in your life?

  2. More alcohol attacks

  3. We deduct losses and pay up to the policy limit.

  4. The total price paid is too high.

Synonyms of Excess

remnants, enough and to spare, debauchery, difference, leavings, nimiety, remainder, unused, plethora, residuum, more than enough, reserve, overabundance, residue, leftovers, leftover, excessive, dissipation, remaining quantity, too much, overflow

Loss:

Meanings of Loss:
  1. The fact or action of losing something or someone.

Synonyms of Loss

erosion, impoverishment, losing, deprivation, depletion, squandering, diminution, disappearance, reduction, waste, privation, dissipation, forfeiture

Premium:

Meanings of Premium:
  1. Amount payable under the insurance contract.

  2. Price or value added to the general price.

Synonyms of Premium

inducement, perquisite, bounty, extra amount/charge, incentive

Factor:

Meanings of Factor:
  1. Similar genes or active ingredients are passed from one generation to another.

  2. A number or quantity that, when multiplied by another, produces a certain number or expression.

  3. Any substance in the blood is primarily identified by the number involved in the clot.

  4. Sales agents, merchants who buy and sell on a commission basis.

  5. Companies that buy receipts from manufacturers at a discount and collect payments due to them.

  6. Configure (software source code) into components that are easy to maintain and use.

  7. Selling a factor (accounts receivable)

  8. It is used to indicate that something in particular will have a strong, though unexpected, effect on the outcome or outcome.

  9. Include some facts or situations in your thoughts or calculations.

Sentences of Factor
  1. Family and friends of students are also seen as factors influencing career choices in agriculture.

  2. Timely administration with hyaluronidase is an important factor in achieving positive results.

  3. What are the main causes of obesity in children?

  4. The decisive factor for this result was the high voter turnout, which was 76 to 85 percent in the primary.

  5. Make no mistake, circumstances are an important factor for any player to become famous in this league.

  6. The size of the small sample is a disturbing factor in interpreting the results clearly.

  7. Overeating puts a lot of pressure on the pancreas and accelerates the aging process, which is a risk factor for diabetes.

  8. Obesity increases the risk of diabetes, heart disease, kidney failure, joint problems and possibly cancer.

  9. Conceptually, parents are considered a risk factor in their children's lives.

  10. He noted that the stresses of all small melons were the result of natural selection and that genetics was probably the most important factor in their production.

Synonyms of Factor

middleman, facet, ingredient, strand, consideration, detail, deputy, component, item, influence, determinant, characteristic, circumstance, point, part, feature, thing, intermediary, constituent, representative, go-between, aspect

Excess Loss Premium (ELP) Factor,

How To Define Excess Loss Premium (ELP) Factor?

The element used to calculate the policyholder's burden as part of a pre-classification scheme to limit individual losses to a certain level. In other words, with PEL, the policyholder chooses to limit the effects of a one-time loss with an additional premium.

Literal Meanings of Excess Loss Premium (ELP) Factor

Excess:

Meanings of Excess:
  1. Need, permission, or much more than required.

  2. Part of the claim must be paid to the insured.

  3. As an additional payment is required.

Sentences of Excess
  1. We reduce loss deductions and pay up to the policy limit.

  2. The total cost will be very high

Synonyms of Excess

overspill, excessiveness, extravagance

Premium:

Meanings of Premium:
  1. Cost or price included in the general price.

Sentences of Premium
  1. The Société des Arts gave him a bonus.

Factor:

Meanings of Factor:
  1. A number or quantity that, when multiplied by another, produces a specific number or expression.

  2. A number or algebraic expression by which the other is completely divisible.

  3. Any substance in the blood is basically identified by a number that is involved in clotting.

  4. Companies that buy invoices at discounts from manufacturers and receive payments from them.

  5. Sale of an element (accountable).

  6. Used to indicate that something particularly strong, though unexpected, will affect the outcome or outcome.

  7. Exclude certain facts or circumstances from your decision or calculation.

Sentences of Factor
  1. Your legal issues are not decisive in your decision.

  2. Students' families and friends also influence career choices in agriculture.

  3. Timely administration is an important factor in achieving positive results with hyaluronidase.

  4. What are the factors that contribute to obesity in children?

  5. The factor determining this result was the high voter turnout, which ranged from 76 to 85 percent in the primary.

  6. Make no mistake, circumstances are an important factor for any player in this league.

  7. The size of the small sample is clearly a factor in interpreting the results.

  8. Excessive food intake also puts severe pressure on the pancreas and accelerates the aging process, which increases the risk of diabetes.

  9. By becoming pregnant, parents are considered a risk factor in their children's lives.

  10. He explains that all small melons are the result of natural selection and that genetics may be the most important factor in their production.

  11. Bidders involved in previous bids are thought to be at risk if they lose money in the program, which will increase the overall cost.

  12. The National Safety Council says damaged vehicles are responsible for only 1% of road accidents.