A kind of pro-rata reinsurance in which the ceding insurer is indemnified for each risk listed in the contract. These risks are given a fixed percentage of loss, and paid for by the same fraction of the premium.
The Rantings of the barely human.
A kind of pro-rata reinsurance in which the ceding insurer is indemnified for each risk listed in the contract. These risks are given a fixed percentage of loss, and paid for by the same fraction of the premium.