The minimum amount for which a liability policy can be written, as dictated by the published rates or the law.
Related information about basic limits of liability:
- What is basic limits of liability? definition and meaning
Definition of basic limits of liability: The minimum amount for which a liability policy can be written, as dictated by the published rates or the law.
- Basic Limits of Liability: Definition from Answers.com
Basic Limits of Liability Required minimum amounts of coverage that an insurance company will underwrite.
- Insurance Glossary — Programs and Services
Basic Limits of Liability: The least amount of liability coverage that can be purchased, which is generally equivalent to the minimum amount required by state law.
- Auto Insurance
Basic Limits of Liability The least amount of liability coverage that can be purchased, which is generally equivalent to the minimum amount required by state law.
- 5.1201 - : Texas Administrative Code
... by primary liability insurance (other than automobile liability insurance) shall be at least the basic limits of liability for each primary liability insurance coverage.
- Limitation of Liability Law & Legal Definition
Accrued Liability · Applicable Annual Limitation · Apportionment of Liability · Automobile Liability Insurance · Aviation Liability Insurance · Basic Limits of Liability ...
- CF Alliance Insurance Services - Frequently Asked Questions
Basic Limits of Liability The least amount of liability coverage that can be purchased, which is generally equivalent to the minimum amount required by state law.
- FCCANYS, Inc. - Insurance
The only choice providers have to make is whether they want basic Limits of Liability, i.e. $100,000 per occurrence/ $300,000 aggregate or the preferable ...