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| Definition | : | Excess of Loss |
| Category | : | Business » Business Terms |
| Country/ Region |
: | Worldwide
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| Popularity | : |
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Excess of Loss (XL or XoL) is a form of insurance where the reinsurer agrees to pay the balance of any losses exceeding a stated monetary amount.
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eXtra Large
Units
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The full form of XL is Excess of Loss