Jumbo Limit: Jumbo Limit the total face amount in which a primary insurer may participate. In other words, a primary insurer can issue a policy for some portion of the total portfolio so long as the inforce and applied for amounts do not exceed this Jumbo Limit (i.e., if an applicant already has inforce or already has applied for more than the Jumbo Limit, then the primary insurer is actually precluded by their reinsurance treaties from participating in the portfolio).
