Insurance Exam Vocabulary Terms
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.
Our Insurance Exam Prep Includes...
- Insurance Practice Test Questions
- Insurance Vocabulary Flashcards
- Study-Mode & Timed-Exam Mode
- Take Unlimited Tests For 1 Year
- User-Friendly On All Devices
- 2020 Rules & Regulations