automatic nonproportional reinsurance Definition | Business Dictionaries from AllBusiness.com
Facebook Twitter You Tube RSS Feed

Business Glossary

SEARCH THE BUSINESS GLOSSARY

Business Definition for: automatic nonproportional reinsurance
automatic nonproportional reinsurance

automatic protection for an insurer against losses that exceed a predetermined loss limit. This reinsurance may be subdivided into three primary types: excess of loss , catastrophe loss , and stop loss.

See also reinsurance
Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

AllBusiness Greatest Hits