What Does Pure Loss Cost Mean?

Free Business Insurance Quote Click Here
What does Pure Loss Cost mean? Read on to discover the definition & meaning of the term Pure Loss Cost - to help you better understand the language used in insurance policies.

Pure Loss Cost

Pure Loss Cost

Under a reinsurance agreement, the ratio of reinsured losses to the ceding company's earned, subject premium for that agreement, less expense loading. Also known as "burning cost."

We hope the you have a better understanding of the meaning of Pure Loss Cost.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here