Prospective Aggregate Excess Of Loss Reinsurance


Definition of "Prospective aggregate excess of loss reinsurance"

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"Building Your Dreams A Home"
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Type of excess of loss reinsurance in which the insurance company (cedent) is guaranteed reinsurance for future covered losses once they exceed a specified amount on either a per loss, per risk, or aggregate basis. The cedent pays at the inception of the contract the excess of loss reinsurance contract.

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