•Explain what a “five-line surplus share treaty with a $100K line” means.
This is a surplus share treaty. On the basis of a retention amount of $100k retained by the cedent, the reinsurer accepts a risk surplus amount of $500k.
•Explain what a “five-line surplus share treaty with a $100K line” means.
This is a surplus share treaty. On the basis of a retention amount of $100k retained by the cedent, the reinsurer accepts a risk surplus amount of $500k.