total insured value provision
The total insured value provision in reinsurance agreements excludes coverage of individual properties in cases where total insured values across all property lines equal or exceed a certain level.
total insured value provision
The total insured value provision in reinsurance agreements excludes coverage of individual properties in cases where total insured values across all property lines equal or exceed a certain level.
Additional Information
This clause is used to prevent multiple exposures to reinsurers on large single risks.
