Combination plan reinsurance

{
  "id": "MLC-T-INS-000822",
  "term": "Combination plan reinsurance",
  "field": "Insurance and risk management",
  "definition": "A single reinsurance agreement that blends excess of loss and quota share cover for one premium, set as a fixed percentage of the ceding company's subject premium. The reinsurer first pays each risk's loss above an agreed retention up to a stated limit, then takes a fixed quota share percentage of the losses that remain after those excess recoveries.",
  "url": "https://mlchart.com/terminology/insurance/combination-plan-reinsurance/"
}