[N045]

net retained lines clause

The clause in an excess of loss reinsurance contract which explains that the excess of loss reinsurance applies only to those losses that apply to the ceding insurer's net retentions. The excess of loss contract does not apply to losses otherwise covered by other reinsurance or above the insured's net retention.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100