AGGREGATE TERMINAL LIABILITY
This product provides three months
run-out protection for those claims incurred during the current Policy
Period. It may be utilized in adherence with the following parameters:
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Available on the
following contracts: 12/12, 15/12, 18/12, 24/12 and Paid
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Coverage is not
applicable upon early termination of the group’s Excess Loss Policy
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Product is intended
for expiring policyholders who are returning to a fully insured
arrangement
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Not available at
renewal unless elected on the case’s original effective date
In conjunction with the extended
coverage, the Monthly Aggregate Factors are increased by a factor of
1.25. Coverage is triggered upon expiration of the Excess Loss
Insurance Policy. SLG Benefits will issue a Terminal Liability Policy
Endorsement illustrating the modified Monthly Aggregate Factors and
Minimum Annual Aggregate Attachment Point.
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