Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
loss insurance
Insurance purchased by a person who may suffer a loss at the hands of another. ( This is the converse of liability insurance, which is purchased by potential
stop-loss insurance
Insurance that protects a self-insured employer from catastrophic losses or unusually large health costs of covered employees. ( Stop-loss insurance essentially provides excess coverage for a self-insured employer. The employer and the insurance carrier agree to the amount the employer will cover, and the stop-loss insurance will cover claims exceeding that amount.