Jun 20, 2019 19:09
4 yrs ago
14 viewers *
Spanish term
cúmulo
Spanish to English
Bus/Financial
Insurance
loans and credit
I have found in Insurance that cúmulo can be 'aggregates' but I don't think in this case. Funds? Loans? Can't find examples anywhere!
Toda solicitud de credito o cumulo obliga al prestatario a llenar una Declaracion Personal de Salud (DPS), declaracion que se incluye en la Solicitud de afiliacion al Seguro.
Las solicitudes por creditos o cumulos por debajo de US$150,000 o su equivalente en moneda nacional no requieren ser presentadas a La Compania para el proceso de suscripcion.
Toda solicitud de credito o cumulo obliga al prestatario a llenar una Declaracion Personal de Salud (DPS), declaracion que se incluye en la Solicitud de afiliacion al Seguro.
Las solicitudes por creditos o cumulos por debajo de US$150,000 o su equivalente en moneda nacional no requieren ser presentadas a La Compania para el proceso de suscripcion.
Proposed translations
(English)
4 | Accumulation of cover | Heather Phillips |
3 | amount | Juan Arturo Blackmore Zerón |
3 | (ins.) aggregate limit (for separate or consolidated credit facilities) | Adrian MM. |
Proposed translations
1 hr
(ins.) aggregate limit (for separate or consolidated credit facilities)
1. Could be an aggregate e.g. risk limit.
2. cúmulo de seguros can sometimes mean double (over-) insurance, so two or more policies taken out on the same risk.
3. the context of credits /credit facilities connotes to me that there is an aggregate cap for separate loans and advances or consolidated loans.
2. cúmulo de seguros can sometimes mean double (over-) insurance, so two or more policies taken out on the same risk.
3. the context of credits /credit facilities connotes to me that there is an aggregate cap for separate loans and advances or consolidated loans.
Example sentence:
An aggregate limit caps the total amount that an insurance company pays
1230 days
Spanish term (edited):
cúmulo (in an insurance contract/policy terms)
Accumulation of cover
According to: https://www.lawinsider.com/clause/accumulation-of-cover
- "accumulation of cover. Where the amount insured in good faith by one or more policies with the same insurer exceeds the insurable interest, either party shall have the right to reduce it accordingly". So it isn't a limit to sums payable but rather doubling up on insurance for the same risk.
- "accumulation of cover. Where the amount insured in good faith by one or more policies with the same insurer exceeds the insurable interest, either party shall have the right to reduce it accordingly". So it isn't a limit to sums payable but rather doubling up on insurance for the same risk.
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