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Webinsurance definition: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more. Web31 de mai. de 2024 · Retention is the amount of insurance liability (in pro rata, for participation with the reinsurer) or loss (in excess of loss, for indemnity of excess loss by the reinsurer) which an insurer assumes (or retains) for its own account. In pro rata contracts, the retention will be a percentage of the policy limit for QS but the retention will be an ... rcy investment
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