tubaguy8
Comments
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Gotcha. So the ratable losses (L) can be subject to a per-occurrence limit and/or an aggregate loss limit - but in this case the per-occurrence limit is just the "per occurrence deductible"? If so, I think I understand. The limit/deductible threw…
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Edit - I edited the picture. Originally I had made a small mistake on the top of the reinsurance diagram by stopping the QS at 20M. It's now fixed below, showing the QS doesn't have a limit.
Hold on...…