DEFINITION
Second Surplus

A form of treaty required by companies engaged in business requiring large policies, e.g., industrial risks, providing for the lines that are too large to be embraced in a first surplus treaty. It follows on the plan of first surplus but obviously provides only a much diminished spread of risks to the reinsurers.

Loading conversations.
Similar or Related Terms
Statistics
264
Characters
53
Words
53.04
Flesch Reading Ease
12.4
Flesch Kincaid Grade