Excess of Loss Reinsurance loss sharing mechanism where an insurer pays all claims up to a specified amount and a reinsurance company pays any claims in excess of stated amount. What is Excess of Loss Reinsurance , What does mean Excess of Loss Reinsurance , Insurance Guide, Insurance Glossary
Rebate a refund of part or all of a premium payment. What is Rebate , What does mean Rebate , Insurance Guide, Insurance Glossary