|Definition||:||Excess of Loss|
|Category||:||Business » Business Terms|
What does XL mean?
Excess of Loss (XL or XoL) is a form of insurance where the reinsurer agrees to pay the balance of any losses exceeding a stated monetary amount.
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Frequently Asked Questions (FAQ)
What is the full form of XL in Insurance?
The full form of XL is Excess of Loss