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Glossary of Terms


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From The Glossary »


Excess Of Loss Reinsurance:

Reinsurance cover which, subject to a specified limit, indemnifies the ceding company against loss in excess of a specified deductible. It embraces various types of reinsurance such as any one risk reinsurance, any one event reinsurance, catastrophe reinsurance, aggregate excess of loss reinsurance and stop loss reinsurance. Such treaties do not usually apply to specific policies but to aggregate losses incurred under all policies subject to the ...
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