Maximum Limits definition

Maximum Limits. Comprehensive and Collision: Maximum $50,000. Bodily Injury and Damage Liability: Maximum $1,000,000 combined single limit for property damage and bodily injury. Medical payments to passengers: $2,000 per person and $10,000 per accident. Deductible: Comprehensive and Collision deductible: $2,500. Exclusions - MALI: SEE MASTER POLICY FOR EXCLUSIONS Exclusions include but are not limited to the following: Use of a rental vehicle in violation of the terms and conditions of the Rental Contract. Accidents which occur while Renter is under the influence of any amount of alcohol or narcotics. Accidents arising out of the use of a rental vehicle by an unauthorized driver. Coverage excludes partial theft. Claims: All accidents must be reported immediately by the Renter to the Mexico Insurance Carrier or to the adjuster before returning to the USA. Telephone numbers are provided to Renter prior to Rental Vehicle departure. This is merely a summary and is not a complete description of the coverage. The Master Policy contains the legal provisions of the plan, copies of which are available upon request. Renter will indemnify, defend and hold the Lessor harmless from and against any loss, liability and expense in excess of the limits or beyond the scope of the protection provided for above arising from the use or possession of the Rental Vehicle by Renter or other person with or without Renter's permission. Coverage is void and not effective if Renter violates any of the terms and conditions of the Rental Contract or if Rental Vehicle was obtained through a Rental Contract based on false or fraudulent information. Renter accepts or declines coverage at the rate(s) included in the Rental Contract. Acceptance is proof of coverage under Policy issued to Lessor as outlined in separate brochure. MALI is an insurance program offered by an independent insurance company. The insurance premium, administration and/or service fee, if any, are included in the Rental Contract. The terms and conditions of MALI coverage are outlined in a brochure available at the rental counter.
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Maximum Limits means the Maximum Compensation Limits and/or the Maximum Benefit Limits. For this purpose, "Maximum Compensation Limits" means the maximum annual compensation limitations as in effect under Code Section 401(a)(17); and "Maximum Benefit Limits" means the maximum benefit limitations as in effect under Code Section 415.
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Maximum Limits. Physical damage: Maximum $100,000 for collision, upset, overturn, etc. Total theft: Maximum $100,000. Coverage excludes partial theft. Auto Liability: Maximum $1,000,000 combined single limit for property damage and bodily injury. Medical payments: $3,000 per person and $15,000 per accident. Legal assistance: Maximum limit of $43,000. Deductible: Physical damage: The deductible for physical damage is 3% of the actual cash value of the RV with a minimum deductible of $600. Total theft: The deductible for total theft is 5% of the actual cash value of the RV with a minimum deductible of $600. Coverage excludes partial theft. Exclusions - MALI: SEE MASTER POLICY FOR EXCLUSIONS Claims: All accidents must be reported immediately by the Renter to the Mexico Insurance Carrier or to the adjuster before returning to the USA. Telephone numbers are provided to Renter prior to Rental Vehicle departure. This is merely a summary and is not a complete description of the coverage. The Master Policy contains the legal provisions of the plan, copies of which are available upon request.
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Examples of Maximum Limits in a sentence

  • The obligations of RPA Seller hereunder shall not be ---------- assignable nor shall any Person succeed to the obligations of RPA Seller hereunder except for mergers, consolidations, assumptions or transfers in accordance with Section 5.1(l).

  • AB&T shall make reasonable attempts to provide notice to Customer of any Maximum Limits, but it shall be the responsibility of Customer to determine if any Maximum Limits exist and, if so, to comply with such Maximum Limits.

  • Premier Rider - The Ceding Company will retain its Maximum Limits of Retention for the base policy and rider (combined), as set out in Exhibit 2, and cede the remaining to the Reinsurance Pool.

  • Maximum Limits The number of days indicated at each level is considered a maximum.

  • Whenever the Ceding Company increases its maximum retention limits over the Ceding Company's Maximum Limits of Retention, as set forth in Exhibit II, the Ceding Company has the option to recapture certain risk amounts.

  • Upon expiry of the rider, the Ceding Company will retain its Maximum Limits of Retention on the base policy and reinsure the remaining portion.

  • The Ceding Company will retain its Maximum Limits of Retention for the base policy and rider (combined), as set out in Exhibit 2, and cede the remaining to the Reinsurance Pool.

  • Policy Split Option - If this option is exercised, the Ceding Company will retain its available single life Maximum Limits of Retention on each life, as set out in Exhibit 2, and cede the remaining, if any, to the Reinsurance Pool.

  • If rider is issued on another insured, the Ceding Company will retain its Maximum Limits of Retention as if issued as a stand-alone policy and cede the remaining to the Reinsurance Pool.

  • Basis 1: The Ceding Company will retain its Maximum Limits of Retention per life as set out in Exhibit 2 - Ceding Company's Retention and cede the remainder to the Reinsurance Pool.


More Definitions of Maximum Limits

Maximum Limits. Physical damage: Maximum $100,000 for collision, upset, overturn, etc. Total theft: Maximum $100,000. Coverage excludes partial theft. Auto Liability: Maximum
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