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What is xol in insurance?


Asked By: Naitee Rattan



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Excess of loss reinsurance is a type of reinsurance in which the reinsurer indemnifies–or compensates–the ceding company for losses that exceed a specified limit. Our credit insurance policies offer solutions to protect you against non-payment of your receivables. XOL also provides severity protection against large losses and / or an ac-. Such payments required of an insurer to its insured are extracontractual in that they are beyond the insurance contract between insurer and insured. Excess of Loss Reinsurance — a form of reinsurance that indemnifies the ceding company for the portion of a loss that exceeds its own retention. Reinsurance is insurance that an insurance company purchases from another insurance company to insulate itself (at least in part) from the risk of a major.

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