What Does First Surplus Reinsurance Treaty Mean?

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

First Surplus Reinsurance Treaty

First Surplus Reinsurance Treaty

The sharing of risk by a reinsurer with the ceding company on a pro rata basis, excess of a specific retention. The proportion is sometimes fixed and sometimes varied according to different classes of risks and the net retentions that the insurer keeps for its own account.

We hope the you have a better understanding of the meaning of First Surplus Reinsurance Treaty.

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