What Does Prospective Aggregates Mean?

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

Prospective Aggregates

Prospective Aggregates

Spread loss program giving accident year reinsurance for long tail risks with premiums paid annually over the expected life of the policy. (Any adjustments in pricing resulting from adverse loss development occur prospectively.)

We hope the you have a better understanding of the meaning of Prospective Aggregates.

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