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excess insurance (XS)

Excess (XS) insurance is a policy or bond covering the insured against certain hazards and applying only to loss or damage in excess of a stated amount or specified primary or self-insurance.

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Additional Information

It is the portion of the amount insured that exceeds the amount retained by an entity for its own account.

Related Terms

A net line is the amount of coverage an insurer retains on a specific risk after deducting...