Glossary entry

English term or phrase:

stop loss reinsurance agreement

Bulgarian translation:

Споразумение за презастраховка за ограничаване на финансова отговорност

May 21, 2004 08:13
19 yrs ago
English term

stop loss reinsurance agreement

English to Bulgarian Bus/Financial Insurance reinsurance contract
Stop Loss Reinsurance.
(1) See Aggregate Excess of Loss Reinsurance. (2) A form of reinsurance under which the reinsurer reinsures the ceding insurer for an amount by which the latter's incurred losses in a calendar year for a specified class of business exceed a specified loss ratio. (R)
[http://www.insweb.com/research/merritt/reinsurance-s.htm]
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Aggregate Excess of Loss Reinsurance.
A form of Excess of Loss Reinsurance that indemnifies the ceding company against the amount by which its losses incurred during a specific period, usually 12 months, exceed either (1) a predetermined dollar amount, or (2) a percentage of the company's premiums (loss ratio) for that period. This is commonly referred to as Stop Loss Reinsurance or Excess of Loss Ratio Reinsurance. (R)
[http://www.insweb.com/research/merritt/reinsurance-a.htm]

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Споразумение за презастраховка за ограничаване на финансова отговорност

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