Nonproportional Reinsurance

Definition of "Nonproportional reinsurance"

Danna Steck & Nora Zuckerman real estate agent
Danna Steck & Nora Zuckerman, Real Estate Agent Striker Realty

Arrangement in which a re insurer makes payments to an insurer whose losses exceed a predetermined retention level. Non proportional reinsurance is either facultative or automatic.

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