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Insurance Definition: EXCESS OF LOSS REINSURANCE

By Compuquotes Team on March 27th, 2008

EXCESS OF LOSS REINSURANCE:

Definition:

  • A contract between an insurer and a reinsurer, whereby the insurer agrees to pay a specified portion of a claim and the reinsurer to pay all or a part of the claim above that amount.

Information provided by Insurance Information Institute

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