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layer

Layer refers to a horizontal segment of the liability insured—for example, the second $100,000 of a $500,000 liability is the first layer if the cedent retains $100,000 but a higher layer if it retains a lesser amount.

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layer

Layer refers to a horizontal segment of the liability insured—for example, the second $100,000 of a $500,000 liability is the first layer if the cedent retains $100,000 but a higher layer if it retains a lesser amount.

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