What is AGGREGATE EXCESS OF LOSS REINSURANCE?

A REINSURANCE agreement where the REINSURER provides the CEDING INSURER with coverage on a large number of small losses arising from multiple policies, once an agreed ATTACHMENT point has been reached.

More On This Topic




Link to This Definition

Did you find this definition of AGGREGATE EXCESS OF LOSS REINSURANCE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary