See: Estimated Maximum Loss.
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The maximum amount of loss that one would expect under ordinary circumstances, such as fire departments responding or sprinklers working. Used in underwriting and in determining reinsurance limits.
The Rantings of the barely human.
See: Estimated Maximum Loss.
***
The maximum amount of loss that one would expect under ordinary circumstances, such as fire departments responding or sprinklers working. Used in underwriting and in determining reinsurance limits.