A specified maximum amount of insurance that an insurer is willing to carry at its own risk without transferring some of the risk to a reinsurer.
In life insurance, the maximum amount of coverage a company will retain on one life at its own risk. (See also: reinsurance.)
The maximum amount of insurance an insurer can retain before ceding business to a reinsurer. The maximum amount may depend on the insured's age, health, coverage inforce, as well as the insurance company's financial condition.