What does Line mean? Read on to discover the definition & meaning of the term Line - to help you better understand the language used in insurance policies.
(1) A class of insurance, such as property, marine, or liability. (2) In reinsurance, an amount of risk retained by a ceding insurer for its own account. The line varies with the insurer's financial strength and with the nature of the exposure.
We hope the you have a better understanding of the meaning of Line.