Excess Of Time Reinsurance

Definition of "Excess of time reinsurance"

Cathy  Wahlin
Cathy Wahlin Windermere/PSK

Term used in the reinsuring of disability income insurance policies in that, after an extended period of time expires (in addition to the elimination period found in the disability income policy), the reinsurer usually reimburses the ceding company for approximately 70 to 80% of the monthly disability income payment that the ceding company is required to pay the policyholder.

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