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Reinsurance
(redirected from Stop Loss Insurance)

    Also found in: Dictionary/thesaurus, Medical, Legal, Wikipedia 0.03 sec.
Reinsurance
The spreading of risk and division of client premiums among insurance companies allowing the sharing of the burden of a large risk.
Reinsurance
An insurance policy for insurers. In reinsurance, one insurer cedes a portion of its portfolio of policyholders to another insurer in exchange for paying a fee. There exists the possibility that too many policyholders will make a claim and a single insurer will be unable to pay the benefit without ruining itself. This is especially true for disaster insurance and other similar policies. Reinsurance reduces this risk. It is also called stop-loss insurance.
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Because ULL provides an extensive array of Stop Loss Insurance coverage, including broad Stop Loss coverage for medical, prescription, dental and vision all under one policy and prescription only Stop Loss, removal of limits is a very significant change not only for ULL but also for their client Taft-Hartley Fund Plans, municipality customers and single employers.
Union Labor Life Eliminates Lifetime Stop Loss Insurance Limits by PR Newswire
HCC Life Insurance Company (HCC Life), a leading carrier of medical stop loss insurance, announced today that it has reached an agreement with Mayo Clinic to offer transplant services to its medical stop loss insurance policyholders.
HCC Life and Mayo Clinic Sign Transplant Service Agreement by Business Wire
Stop loss insurance is designed to protect employers' self-funded health plans from the financial impact of catastrophic claims.
HM Insurance Group Acquires Stop Loss Block From Mutual of Omaha by PR Newswire
 
 
 
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