A pro rata obligation by a reinsurer to cover an insured for the value of a policy not covered by the primary insurer. In exchange, the reinsurer collects a proportional amount of the premium paid.
Related information about surplus share:
- Reinsurance - Wikipedia, the free encyclopedia
Under a surplus share arrangement, the ceding company decides on a "retention limit" - say $100,000. The ceding company retains the full amount of each risk, ...
- surplus share - Insurance Glossary
surplus share - A form of pro rata reinsurance in which the primary insurer cedes only the 'surplus' liability above a specified retention.
- surplus share treaty question - Actuarial Outpost
surplus share treaty question Course 1 - Risk Management & Insurance Operation.
- Basics of Reinsurance Pricing David R. Clark, FCAS
reinsurance treaty) should be adjusted “as if” the surplus share terms had been in place, to produce the hypothetical treaty experience. Because a surplus ...
- Glossary of Reinsurance Terms - Guy Carpenter
Surplus Share Reinsurance. A form of pro rata reinsurance indemnifying the ceding company against loss to the extent of the surplus insurance liability ceded , ...
- Glossary of Reinsurance Terms - Guy Carpenter
The sharing of risks, as in quota share and surplus share reinsurance, in which the reinsured and the reinsurer participate pro rata in all losses beginning with ...
- re•in•sur•ance: a Basic Guide To Facultative - AAMGA
Pro Rata a term describing all forms of quota share and surplus share reinsurance in which the reinsurer shares the same proportion of the premium and losses ...
- Chapter 2 types of Reinsurance and Reinsurance Program Design
surplus share. The common characteristic of both types of pro rata reinsurance is that the primary insurer and the reinsurer proportionately share the amounts of ...