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IconRETAIL DISTRIBUTION REVIEW

RDR 1st Draft: Masthead Series - February 2015

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From The Glossary »

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Surplus Reinsurance:

An agreement whereby the ceding company is bound to cede and the reinsurer is bound to accept the surplus liability over the ceding companies retention limit. This limit is referred to as a line and the surplus treaty is often expressed in lines.
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