Limits Under Multiple Policy (LUMP) Years

Limits Under Multiple Policy (LUMP) Years,

What Does Limits Under Multiple Policy (LUMP) Years Mean?

  • Limits Under Multiple Policy (LUMP) Years can be defined as, An approach to developing insurance program boundaries that include potentially low frequency but very serious risks, such as: B. Excessive liability (under General Liability Insurance (CGL)), pollution liability and Responsibilities of Directors and Executives (Off) Under this approach, a single aggregate limit applies for several years, as opposed to a separate policy limit, like the traditional approach, one year. Because there is only one limit for many years, you can usually get a much higher limit than buying insurance at a lower price in one year.

Literal Meanings of Limits Under Multiple Policy (LUMP) Years

Limits:

Meanings of Limits:
  1. Limiting the size or quantity of an item is allowed or possible.

  2. A point or value whose sequence, function, or sequence number can move as close as possible.

Sentences of Limits
  1. Failure to show the limits of British power

  2. In fact, the configuration changes to a range, the value of which is 2.7182818.

Synonyms of Limits

check, maximum, cap, keep within bounds, place a limit on, freeze, ceiling, curb, hold in check, peg, upper limit, restrain, restrict, put a brake on, limitation, hold

Under:

Meanings of Under:
  1. Extended or straight down.

  2. At the lower level.

  3. Less than (a certain amount, rate, quality or age)

  4. Be controlled, managed or controlled by

  5. In action (action)

  6. To raise or lower something.

  7. Submarine

  8. Refers to the lower part or surface of something on the earth.

  9. Fainting, usually as a result of general anesthesia.

Sentences of Under
  1. A stream flowing beneath a melting glacier

  2. Room under your desk

  3. Slightly lower than 2.8%

  4. The country is now under martial law

  5. Under construction

  6. Passing the body through the bars, up and down, up and down

  7. It floated for a while, but suddenly fell

  8. The bottom of the bowl is concave

Synonyms of Under

downward, lower, less than, smaller than, not so much as, not as much as, receiving, below, in the process of, lower than, undergoing, underneath, beneath, down

Multiple:

Meanings of Multiple:
  1. Many parties, elements or members may or may not be involved.

  2. A number that can be divided by the remainder without any remaining numbers.

  3. Terminal arrangements that allow connection to the circuit at one of the different locations.

Sentences of Multiple
  1. Double work

  2. 15, 20 or more than five

Policy:

Meanings of Policy:
  1. The Code of Conduct has been adopted or proposed by governments, parties, companies or individuals.

Sentences of Policy
  1. Controversial economic policy administration

Synonyms of Policy

plans, programme, system, approach, stance, stratagem, proposed action, position, blueprint, attitude, schedule, intentions, notions, guidelines, line, strategy, code, scheme, theory

LUMP:

Meanings of LUMP:
  1. The solid mass of a substance, especially one that has no definition or regular form.

  2. They line up in large numbers or groups and blindly try to do the same, regardless of the details.

  3. Continue with difficulty or difficulty.

  4. Accept or tolerate strange situations, whether we like it or not.

Sentences of LUMP
  1. A piece of ice floats in the milk

  2. Hong Kong and Bangkok are usually summarized in travel brochures

  3. I jumped behind him

Synonyms of LUMP

dollop, group, tolerate it, dab, put up with it, accept it, mix, piece, knob, fuse, coalesce, consolidate, chunk, unite, join, abide it, take it, pat, aggregate, suffer it, blend, cake, nugget, wad, clump

Years:

Meanings of Years:
  1. The time it takes for the earth to revolve around the sun.

  2. A period of 365 days (or 366 days in a leap year) from January 1, which is normally used to calculate time. The twelve-month period is measured from a point other than January 1. Years viewed in terms of the quality of something produced. A period similar to a year in which time is calculated according to another calendar.

  3. Age or life span.

  4. old age.

  5. Groups of students are groups with the same age, who basically go to school or university in the same academic year.

Sentences of Years
  1. About half of Americans know that it takes a year for the earth to orbit the sun.

  2. Your salary will be charged at the same rate for one calendar year each year.

  3. Most of the girls in my year leave at the end of the course

Synonyms of Years

school group, length of life, number of years, lifetime, study group, band, stream, form, set, duration, class