Question

What does Aggregate excess of loss cover protect against?

a.

A single loss arising out of one event

b.

An aggregation of losses arising from multiple events

c.

Losses arising from any event, regardless of its cause

d.

Losses arising from risks covered under the underlying policy

Answer: (b).An aggregation of losses arising from multiple events Explanation:Aggregate excess of loss cover would protect the total aggregate loss for a class of business.

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Q. What does Aggregate excess of loss cover protect against?

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