See: large claim .
Insurance Encyclopedia
Jumbo risk
A policy of insurance written with exceptionally high limits.
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An exceptionally large Policy or risk.
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UK: Policy of insurance written with exceptionally high limits.
Jumping juvenile (Life Insurance)
A term used to refer to a policy written on a child, typically in units of $1,000. If the child turns 21, the value of the policy is automatically increased without any extra proof of insurability, such as a medical examination, required.