application of retention
Under an excess liability policy, application of retention is the practice of specifying a retention amount that applies on a different basis to different types of covered loss.
application of retention
Under an excess liability policy, application of retention is the practice of specifying a retention amount that applies on a different basis to different types of covered loss.
Additional Information
For example, under most excess policies, the retention specified applies "per accident/occurrence" for losses other than occupational disease claims and "per employee" for occupational disease.
