What Does Automatic Non-Proportional Reinsurance Mean?

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What does Automatic Non-Proportional Reinsurance mean? Read on to discover the definition & meaning of the term Automatic Non-Proportional Reinsurance - to help you better understand the language used in insurance policies.

Automatic Non-Proportional Reinsurance

Automatic Non-Proportional Reinsurance

Automatic non-proportional reinsurance is reinsurance that kicks in automatically once an insurance company suffers a loss in excess of a certain pre-specified amount. Once this happens then the reinsurance company is obligated to cover the loss to a maximum limit. Beyond the maximum amount, the reinsurance company has no obligation to cover the loss.

We hope the you have a better understanding of the meaning of Automatic Non-Proportional Reinsurance.

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