What Does Second Surplus Reinsurance Mean?

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

Second Surplus Reinsurance

Second Surplus Reinsurance

A reinsurance treaty that is supplementary to a first surplus treaty. It is the amount that exceeds the total of the reinsured's original insurer's net retention plus the full limit of the first surplus treaty.

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

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