Meaning Retention Limit
What does Retention Limit mean? Here you find 3 meanings of the word Retention Limit. You can also add a definition of Retention Limit yourself
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Retention LimitA specified amount of insurance that a life insurer is willing to carry at its own risk on any one life without transferring some of the risk to a reinsurer.
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Retention Limitmaximum amount of medical and hospital expense an insurer will carry on its own. The limit can be for an individual claim and/or for the insurers total claims, depending upon the terms of the reinsura [..]
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Retention LimitThis is the limit of risk that an insurance company will assume, without ceding a part of the risk to another company, on any individual.
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