Personal Stop Loss
From Wikipedia, the free encyclopedia
 |
This article does not cite any references or sources. (November 2007) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
Personal Stop Loss (PSL) is a type of insurance policy which limits the losses of Names at Lloyd's of London, all of whom did (and some of whom still do) underwrite with unlimited liability. Provided that the PSL responds to the claims made on it, the unlimited liability thereby becomes to some extent limited.
PSL policies are not always available at all. Some are available as "mutuals" and, in the event that the market suffers large losses, may be unable to respond to any great extent.
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
