What is PER RISK EXCESS REINSURANCE?

An insurance term in which the person who is getting insurance will pay the losses up to a certain extent, and the reinsurer will pay for the rest of the loss.

More On This Topic



Link to This Definition
Did you find this definition of PER RISK EXCESS 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