Layer deductible types
Deductible types that apply to layers and the financial term category (type) to which each deductible type belongs.
Deductible Type Code |
Deductible Type Description |
Term Type |
---|---|---|
AP |
Attachment Point |
|
B |
Blanket Deductible |
|
FR |
Franchise Deductible |
|
MA |
Maximum Deductible Amount |
|
MI |
Minimum Deductible Amount |
|
MM |
Minimum and Maximum |
|
PL |
Percent of Loss |
|
N |
No Deductible |
N/A |