Ordinary Insurance, the premiums for which are collected at the door monthly in the same fashion as Industrial policies.
Facebook
Linked In
Instagram
Contact Us
News
Calculators
Resource Center
Combination Plan Reinsurance
A form of combined reinsurance which provides that, in consideration of a premium, which is a fixed percentage of the ceding company’s subject premium on the business covered, the reinsurer will indemnify the ceding company for the amount of loss of each risk in excess of a specified retention and subject to a specified limit and, after deducting the excess recoveries on each risk, the reinsurer will indemnify the ceding company against a fixed quota share percent of all remaining losses.