What is EXCESS OF LOSS REINSURANCE?

Reinsurance coverage for losses above an agreed-to maximum amount. Meant to protect the insurance company originator. Refer to reinsurance.

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Related Legal Terms
AGGREGATE EXCESS OF LOSS REINSURANCE, PROPERTY PER RISK EXCESS OF LOSS, PER RISK EXCESS REINSURANCE, EXCESS PER RISK REINSURANCE, EXCESS OF LOSS (XOL) AGREEMENT, SPECIFIC EXCESS REINSURANCE, CATASTROPHE EXCESS REINSURANCE, SPREAD LOSS REINSURANCE, STOP LOSS REINSURANCE, CATASTROPHE PER OCCURRENCE EXCESS OF LOSS


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