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What is Reinsurance

Reinsurance is insurance of insurance. Reinsurance is a contract that reinsurance companies indemnifies a primary insurer for losses paid under a primary insurer's policies. Reinsurers assumes risk from primary company.

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ROL

ROL is a term used to express the cost of reinsurance coverage as the percentage of the limit of coverage. ROL stands for "Rate on Line"....

Facultative Reinsurance

A form of reinsurance that provides coverage for an individual or a group of risks. The reinsurance company has the right to accept or...

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