excess of loss reinsurance

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Definition of excess of loss reinsurance words

noun excess of loss reinsurance Excess of loss reinsurance is a type of reinsurance whereby an insurer pays the amount of the loss for a particular risk up to an agreed limit. 0

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A common word. It’s meaning is known to most children of preschool age. About 86% of English native speakers know the meaning and use the word.

Most Europeans know this English word. The frequency of it’s usage is somewhere between "mom" and "screwdriver".

This diagram is provided by Google Ngram Viewer

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