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nonproportional reinsurance

In nonproportional reinsurance, losses excess of the ceding company's retention limit are paid by the reinsurer, up to a maximum limit.

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nonproportional reinsurance

In nonproportional reinsurance, losses excess of the ceding company's retention limit are paid by the reinsurer, up to a maximum limit.

Additional Information


Reinsurance premium is calculated independently of the premium charged to the insured. The reinsurance is frequently placed in layers. Contracts may be continuous or for a specific term.

Synonyms

excess of loss reinsurance