What does Combination Plan Reinsurance mean? Read on to discover the definition & meaning of the term Combination Plan Reinsurance - to help you better understand the language used in insurance policies.
Combination Plan Reinsurance
A form of combined reinsurance that provides that the reinsurer will indemnify the ceding company the amount of covered loss in excess of the specified retention, subject to a specified limit and a fixed quota share percentage of all remaining losses after deducting the excess recoveries on each risk.
We hope the you have a better understanding of the meaning of Combination Plan Reinsurance.