Question

What is the status of the ceding insurer under an excess of loss reinsurance contract?

a.

Reinsured

b.

Reinsurer

c.

Insured

d.

Broker

Answer: (a).Reinsured Explanation:The status of the ceding insurer under an excess of loss reinsurance contract is that of a reinsured. They seek protection to mitigate a loss beyond their chosen limit of loss retention.

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Q. What is the status of the ceding insurer under an excess of loss reinsurance contract?

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