Provision in an insurance policy designed to cut off the insurance company’s loss at a certain point. It may be an aggregate payable under the policy, maximum payable for any one disability, or the like. See stop loss .
The Rantings of the barely human.
Provision in an insurance policy designed to cut off the insurance company’s loss at a certain point. It may be an aggregate payable under the policy, maximum payable for any one disability, or the like. See stop loss .