单词 | excess of loss reinsurance |
释义 | excess of loss reinsurance in Insurance (ɛksɛs əv lɔs riɪnʃʊərəns) noun (Insurance: Reinsurance) excess, loss , loss , reinsurance 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. As is true with any form of excess of loss reinsurance, the reinsurance agreement includes a loss retention for the reinsured and a limitof 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 particularrisk up to an agreed limit. |
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