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Today General Knowledge(GK)
Once an insurance company has paid up to the limit, it will pay no more during that year is known as____
A)
All-Risk Agreement
B)
Affirmative Warranty
C)
Aggregate Limits
D)
Aleatory contract

Correct Answer : Option (C) - Aggregate Limits



An aggregate limit is the maximum dollar amount your insurer will pay to settle your claims.

Published On : June 2, 2021
Category : Insurance and Finance
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