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IconNEW FINANCIAL SECTOR FRAMEWORK - MARCH 2011

New Financial Sector Framework Regulatory Items

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1. National Treasury Policy Document 23 February 211
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2 MB

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From The Glossary »

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Aggregate Excess Of:

A form of excess of loss reinsurance which indemnifies the loss reinsurance ceding company against the amount by which its losses incurred during a specific period (usually 12 months) exceed either: _ a predetermined amount expressed in monetary terms, or _ a percentage of its subject premiums for the specific period.
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