Question

What term is used when the reinsurer indemnifies the reinsured for a cumulative amount of losses exceeding a specified aggregate amount?

a.

Aggregate Excess

b.

Alternative Risk Financing

c.

Anniversary

d.

Arbitration Clause

Answer: (a).Aggregate Excess Explanation:Aggregate excess refers to the reinsurer indemnifying the reinsured for a cumulative amount of losses exceeding a specified aggregate amount.

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Q. What term is used when the reinsurer indemnifies the reinsured for a cumulative amount of losses exceeding a specified aggregate amount?

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