Línea de Clasificación

English translation: Penal sum

09:41 Feb 25, 2021
Spanish to English translations [PRO]
Law/Patents - Insurance / plasterboard
Spanish term or phrase: Línea de Clasificación
From the glossary in an underwriter's insurance contract for surety bonds:

Línea de Clasificación: Es el importe la Compañía establece como límite máximo de responsabilidades a asumir para todos los Certificados de Seguro De Caución en vigor. Cada Certificado de Seguro establece el importe máximo de responsabilidad de la Compañía por esa garantía.

The glossary also includes the term "suma asegurada" hence this is not the same.
David Russell
Spain
Local time: 19:46
English translation:Penal sum
Explanation:
I would definitely ask the client for more information as the scant results available on the web about "línea de clasificación" do not match up with the definition provided.

Selected response from:

Joel Cloke
Spain
Local time: 19:46
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3Classification Line
Bruno Dutra
3Penal sum
Joel Cloke


Discussion entries: 1





  

Answers


40 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Classification Line


Explanation:
like line of reasoning

Bruno Dutra
Brazil
Local time: 14:46
Native speaker of: Native in PortuguesePortuguese

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: Any refs to show this is an actual insurance industry term?
4 hrs
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5 days   confidence: Answerer confidence 3/5Answerer confidence 3/5
Penal sum


Explanation:
I would definitely ask the client for more information as the scant results available on the web about "línea de clasificación" do not match up with the definition provided.




    https://app.mapfre.com/ccm/content/documentos/fundacion/cs-seguro/libros/El-seguro-de-Caucion.pdf
    Reference: http://www.servidor-gestisqs.com/ub/intranet/PDF/tesis_alumn...
Joel Cloke
Spain
Local time: 19:46
Native speaker of: English
PRO pts in category: 4
Grading comment
Thanks!
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