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What is mean by proportional and non proportional treaty reinsurance in simple terms?
Replies (1)
simply proportional treaty means the insurer and re-insurer shares the risk of sum assured as well as the premium amount.
while, in NPT the re-insurer only comes into picture if the liability of insurer exceeds tolerable amt. such excess amt is shared by reinsurer
while, in NPT the re-insurer only comes into picture if the liability of insurer exceeds tolerable amt. such excess amt is shared by reinsurer
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