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POLICY NUMBER: COMMERCIAL GENERAL LIABILITY CG 25 14 04 13 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. DESIGNATED LOCATION(S) AGGREGATE LIMIT This endorsement modifies insurance
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Policyholders or individuals who want to customize their coverage and manage aggregate limits on a location-specific basis.
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Designated locations aggregate limit is the maximum amount of funds that can be deposited or withdrawn from specific locations within a given timeframe.
Financial institutions and businesses that deal with large cash transactions are required to file designated locations aggregate limit.
Designated locations aggregate limit can be filled out by providing details of the locations, amount of funds, and frequency of transactions.
The purpose of designated locations aggregate limit is to monitor and track large cash transactions at specific locations to prevent money laundering and illegal activities.
The information reported on designated locations aggregate limit includes details of the locations, amount of funds, and frequency of transactions.
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