单词 | nonproportional cover |
释义 | nonproportional cover in Insurance (nɒnprəpɔrʃənəl kʌvər) noun (Insurance: Reinsurance) cover , cover Nonproportional cover is reinsurance cover such as excess of loss reinsurance where the reinsurer's liability is not calculated as a proportion of the insurance. The coverage we place for our clients takes the form of a traditional structuralmix of proportional reinsurance with nonproportional cover on the net retention. With nonproportional cover, the reinsurer is liable only for losses which exceed the insurer's retention level,and premiums vary with loss expectation. Nonproportional cover is reinsurance cover such as excess of loss reinsurance where the reinsurer's liabilityis not calculated as a proportion of the insurance. |
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