What Does Minimum and Deposit Mean?

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What does Minimum and Deposit mean? Read on to discover the definition & meaning of the term Minimum and Deposit - to help you better understand the language used in insurance policies.

Minimum and Deposit

Minimum and Deposit

Feature of excess of loss reinsurance; it requires initial premium payment in advance, adjusted annually in arrears, based on exposure audits.

We hope the you have a better understanding of the meaning of Minimum and Deposit.

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