To add a new liability limit structure, you need to click on  and then perform the following steps:

 

 

 

§  Enter the Liability Name;

§  Select the Insurance Class that’s this liability is related to;

§  Select the Policy Type from the predefined dropdown list;

§  Enter the Any One Claim;

§  Enter the Aggregate Limit; which is the max limit covered by this liability.
Note: the aggregate amount should be greater than anyone claim amount;

§  Enter the Affective Date; on which the liability limit will put into effect;

§  Enter the Expiry Date; on which the liability limit will expire;

§  The Created By, Creation Date, Modified By, and the Modification Date are auto-generated by the system;

§  Once you have finished entering the necessary data, click;

 

Note; based on preference, the Liability Limit structures defined in this page can have effects on the Interest page;