Examples
Examples
Try the starting example
- Claims in settlement order: name, covered loss $
- A,200 B,400 C,300
- Deductible for each claim ($)
- 100
- Per-claim payout limit ($)
- 250
- Remaining aggregate payout limit ($)
- 500
- Payout by claim in supplied order ($)
- A: 100.00; B: 250.00; C: 150.00
- Total payout ($)
- $500.00
- Aggregate limit remaining ($)
- $0.00
- Covered loss retained after all payouts ($)
- $400.00
Try another scenario
- Claims in settlement order: name, covered loss $
- A,200 B,400 C,300
- Deductible for each claim ($)
- 100
- Per-claim payout limit ($)
- 250
- Remaining aggregate payout limit ($)
- 1000
- Payout by claim in supplied order ($)
- A: 100.00; B: 250.00; C: 200.00
- Total payout ($)
- $550.00
- Aggregate limit remaining ($)
- $450.00
- Covered loss retained after all payouts ($)
- $350.00
Calculation method
Calculation method
Payout by claim in supplied order ($)
For each claim pay min(max(0,loss−deductible),per-claim limit,remaining aggregate).
Total payout ($)
Sum cent payouts.
Aggregate limit remaining ($)
Entered aggregate−total payouts.
Covered loss retained after all payouts ($)
Sum entered losses−total payouts.
Symbols and units
- a
- Claims in settlement order: name, covered loss $
- b
- Deductible for each claim ($)
- c
- Per-claim payout limit ($)
- d
- Remaining aggregate payout limit ($)
Use the units shown. A list keeps the order in which you enter its values. The symbol ^ means “raised to the power of”.
Assumptions & limits
Assumptions & limits
- A sequential remaining-limit ledger under the displayed rules. Claim order is explicit and can affect allocation; legal settlement priority, eligibility and policy wording are not determined.
Are these inputs private?
These calculations run in your browser. A shared link contains the values you choose to share. Only questions submitted to the separate AI finder are sent to OpenAI.
Further reading
NAIC: insurance terminology background; the displayed model is user specified ↗
Background reading; this does not imply endorsement or independent review of SumFizz.