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Catastrophe Reincurance

Accidental Death Benefit
June 7, 2017
Commercial Fire
June 7, 2017
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This is a form of insurance written on an excess-of-loss basis to improve the spread of risk against unknown liability concentrations, subject to a single occurrence. The parties settle on a deductible amount to reduce the probable frequency of loss to an acceptable level to the reinsurer, and the severity of loss to a level acceptable to the reinsured company.

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