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.
The amount an Insured must pay toward an insured loss before the Umbrella Policy will begin to cover the loss. (See also, Self-Insured Retention.)
In an Umbrella policy, the amount the insured must pay for a loss that is not covered by an underlying policy before the Umbrella will begin to cover the loss. Also called the self-insured retention.
The maximum amount of insurance the company can retain before ceding business to a reinsurer. The maximum amount may depend on the insured's age, health, coverage in force as well as the company's financial condition.
the maximum liability which an insurer wishes to keep for his own account in respect of a particular risk.
The maximum amount of insurance that an insurance company will carry on any individual without ceding part of the risk to a reinsurer.
