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Professionals: Retirement » Knowledge Base
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Treating Customers Fairly: General Items |
General items on Treating Customers Fairly |
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From The Glossary » | Reinstatement (Reinsurance): |
| | The restoration of cover under an excess of loss treaty after its exhaustion, wholly or partly, following payment of claims. Where reinstatements are applicable, usually for fire catastrophe business, the number of reinstatements and the method of calculation of the extra premium payable are specified. | | More Definitions » |
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