A separate insurance policy that has limits which exceed the primary insurance policy. For example if you have a primary health insurance policy that covers 100,000 dollars, and you have an excess policy that covers 500,000 once the initial one hundred thousand dollars is used the remainder will be paid for by the second policy.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser