Question
a.
To protect the reinsured against an aggregation of losses arising from a common event
b.
To protect the reinsured against losses arising from risks covered under the underlying policy
c.
To assist in covering any gap in the various reinsurance arrangements made by a reinsured
d.
To mitigate the impact of an unbearable net loss ratio
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Q. What is the purpose of Umbrella excess of loss cover?
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