In a typical reinsurance contract, the reinsurer agrees to indemnify the ceding insurer up to the stated limit of reinsurance coverage. Depending on the type of reinsurance contract and the coverage that is provided, that limit could be on a per occurrence or per risk basis, or it could be in the aggregate, or it could be some combination of
destroy the aggregate contract basis rodiziogrillbe. destroy the aggregate contract basis Civil Works Technical Specifiions Concrete The proportions of cement to fine aggregate and coarse aggregate shall be adjusted so as to provide the concrete of the required crushing strength when tested as set out in Table 13 5500 1 water shall have been
complete destroy plants for aggregate Crusher Machine. complete destroy plants for aggregate . stone crushing screening plant used crushing plant in mining; FG, Dangote sign concrete road contract Punch . The Dangote Group said on Tuesday it had signed a contract with the Federal Government for the construction of a KM Obajana-Kabba Road
Aggregate Basis means as to any calculation, such calculation made, aggregating the beneficial ownership of the Holders that are Affiliates of each other.“Affiliate” for purposes of this definition shall have the meaning set forth in Rule 144(a)(1) and shall include holders otherwise required to be aggregated pursuant to Rule 144.
Clause 30.9 of the contract contained an "additional costs to complete test", i.e. if the total cost to the Employer in completing the Works exceeded the total cost that the Works would have cost if they had been completed by the Contractor (and the contract had not been terminated), the difference would be recoverable by the Employer from the
The department conceded that the knowledge and abilities qualifications were assessed on an aggregate basis in keeping with the common practise by Selection Boards prior to the Federal Court judgements in Carty (supra) . The representative suggested that, should an equivalent pass mark be established for each of the subfactors for knowledge equivalent to that initially established on an
aggregate: 1. General: Collective amount, sum, or mass arrived-at by adding or putting together all components, elements, or parts of an assemblage or group, without implying that the resulting total is whole (contains everything that should be in it).
Oct 09, 2019· Understanding Aggregate Limit of Liability . The general aggregate limit is spelled out in the insurance contract and caps the number of covered losses for which an insurer will pay. The aggregate
Feb 20, 2018· For example, a liability policy may have a $25,000 per claim limit and an aggregate limit of $100,000. If the insured makes a single claim for $50,000, the
Feb 20, 2018· For example, a liability policy may have a $25,000 per claim limit and an aggregate limit of $100,000. If the insured makes a single claim for $50,000, the
Jul 31, 2020· The sole reason for this is that Republicans would rather drive this country straight off a cliff than pass up an opportunity to undermine and disempower a workforce that is already overworked
Oct 09, 2019· Understanding Aggregate Limit of Liability . The general aggregate limit is spelled out in the insurance contract and caps the number of covered losses for which an insurer will pay. The aggregate
Mar 17, 2020· During the life of the contract, floating interest-rate payments are exchanged, typically on a quarterly basis. On March 17, the premium paid to swap funding exposure from euros into the dollar
the contract, minus the aggregate amount previously received under the contract that was excludable from gross income. The 1988 Act added the Section 72(e)(11) the aggregation rule, under which all deferred annuity contracts issued by the same insurance company to the same policyholder during any calendar year are treated as
Aggregate Stop-Loss provides a ceiling on the dollar amount of eligible expenses that an employer would pay, in total, during a contract period. The carrier reimburses the employer after the end of the contract period for aggregate claims. A number of variations are
Jan 22, 2018· Aggregate data comes from two primary sources: (1) internal data sets within the company’s possession or control, such as transactional data, customer data, server data, etc.; and (2) external data sets such as free online databases of government data (e.g., US Census data) and data available from data brokers who have compiled aggregate data
Aggregate Accommodation or Aggregate Conditional Reimbursement This is an optional aggregate stop loss benefit. It means if aggregate claims for the contract period exceed the aggregate deductible at the end of any month, there will be conditional reimbursement of the aggregate excess insurance benefit before the end of the contract period.
claim on any covered individual during a contract period • The employer must first satisfy the “per person” deductible before reimbursement of claims begins Aggregate • Typically purchased in conjunction with Specific coverage, Aggregate Stop Loss reimburses the employer for total plan
Oct 31, 2013· The three aspects to consider with regards to a financial cap are: (i) the level, (ii) the basis (each and every claim or in the aggregate) and (iii) the exclusions. Often parties focus on the level of the cap whereas focusing on the basis and the exclusions may allow a
(xi) an individual who has amounts invested on a discretionary basis, the aggregate of which is in excess of— (I) $10,000,000; or (II) $5,000,000 and who enters into the agreement, contract, or transaction in order to manage the risk associated with an asset owned or liability incurred, or reasonably likely to be owned or incurred, by the
initial premium of $100,000 (aggregate basis of $1,000,000). In 2010, each policy has a cash surrender value of $160,000, or aggregate cash surrender value of $1,600,000. With MEC ggregationa rules, you forget about the individual policy for tax purposes, and you aggregate the policies.
Nov 17, 2018· Futures options allow holders to buy or sell futures contracts and claim capital gains and losses on a 60/40 basis. Section 1256 contract sales can be declared 60 percent long-term capital gains and 40 percent short-term capital gains. You can reduce gains
Contract terms that must be fully discussed include monthly caps on aggregate insurance, immediate reimbursement on specific claims, the withdrawal of a stop-loss insurer from a state, the carve out of named individuals from the stop-loss contract, and the problems arising when the claims processor pays a claim and the stop-loss carrier
lowest aggregate cost to the Government, including the assumed administrative costs for awarding and administering each contract. Awarding line item by line item is likely to result in a lower total price than awarding on an aggregate "all or none" basis. This method would be especially appropriate if prospective offerors are likely to
Accounting treatment. Where outcome of the contract can be estimated reliably and the total revenues are likely to exceed total costs, contract revenue and costs (and hence profit) are to be recognized in the income statement on the basis of Stage of Completion of the contract (also known as Percentage of Completion Method).
A contractor (C) enters into a long-term contract during 2009. At December 31, 2009, the estimated contract income is $20 million and C has incurred $4 million of contract costs. Total estimated contract costs are $16 million. As of December 31, 2009, C is estimating that the contract is 25 percent complete ($4 million/$16 million).
Jan 06, 2020· The notional value calculation reveals the total value of the underlying asset or commodity the contract controls. As with the soybean example, one soybean contract represents $45,000 of that asset.
Oct 24, 2017· In our example, we’ll pretend that you’ve had a total nightmare of a year with three claims made against you costing half a million pounds each. With a policy in the aggregate, this amount accumulates and you will end up having to pay the shortfall of £500,000 yourself. With any one claim, you won’t have to worry.
Construction Contract Types Lump Sum Contract A lump sum contract, sometimes called stipulated sum, is the most basic form of agreement between a contractor and a customer. A lump sum contract or a stipulated sum contract will require that the contractor agree to provide specified services for a stipulated or fixed price.
(a) Inventory basis. (1) Use of the inventory basis for settlement proposals is preferred. Under this basis, the contractor may propose only costs allocable to the terminated portion of the contract, and the settlement proposal must itemize separately (i) Metals, raw materials, purchased parts, work in process, finished parts, components, dies, jigs, fixtures, and tooling, at purchase or
How to Terminate an Attorney Client Contract. In most instances, clients are free to terminate their relationship with their attorney. When attempting to fire your attorney through termination of your attorney-client contract, you will need to carefully consider the current status of your case and the potential
Surprisingly, the requirement that modifications be in writing provided in the above clause is not always enforced. The reasoning, as expressed by one court, is this: Parties to a contract cannot, even by a written provision in the contract, deprive themselves of the power to alter or terminate that contract by a later agreement; so a written contract may be modified by the parties in any
(a) Terminate this Contract without liability by giving an immediate notice and to charge the Supplier with any loss incurred as a result of the Supplier's failure to make the delivery within the time specified; or (b) Charge a penalty of 0.1% of the total contract price for every day of delay or breach of the delivery schedule by the Supplier.
Jul 23, 2014· A company’s bonding capacity is generally a single and an aggregate limit. Bonds are issued on a per job basis and the single limit is the per job amount a contractor is allowed for any one contract and bond. The aggregate is the maximum a contractor can have at any one time, and is comprised of the following:
For example, a reinsurance contract may require that policies issued on a multiyear basis with annual aggregate limits be treated as separate policies for each policy period with each anniversary date attaching to the reinsurance contract year then in effect.
(5) If the settlement proposal is on the inventory basis, initial costs should normally be allocated on the basis of total end items called for by the contract immediately before termination; however, if the contract includes end items of a diverse nature, some other equitable basis may be used, such as machine or labor hours.
Aggregate Stop-Loss: This form of stop-loss provides a ceiling to the amount that an employer would pay in expenses on the entire plan, on an aggregate basis, during a contract period. Under this policy, the insurance carrier reimburses the employer after the end of the contract period for aggregate claims.
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