( Insurance : Reinsurance )
excess, loss1, loss2, reinsurance
As is true with any form of excess of loss reinsurance, the reinsurance agreement includes a loss retention for the reinsured and a limit
of reinsurance for the reinsurer.
Excess of loss reinsurance indemnifies the ceding company against loss in excess of specific retention.
Excess of loss reinsurance is a type of reinsurance whereby an insurer pays the amount of the loss for a particular
risk up to an agreed limit.
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