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HORIZONTAL LAYERING
\hˌɒɹɪzˈɒntə͡l lˈe͡ɪəɹɪŋ], \hˌɒɹɪzˈɒntəl lˈeɪəɹɪŋ], \h_ˌɒ_ɹ_ɪ_z_ˈɒ_n_t_əl l_ˈeɪ_ə_ɹ_ɪ_ŋ]\
Definitions of HORIZONTAL LAYERING
1910 - Black's Law Dictionary (2nd edition)
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When
reinsures
assume
their
share
of
a
loss
.
This
is
also
called
vertical
layering
or
excess
layer
.
1910
- Black's Law Dictionary (2nd edition)
By Henry Campbell Black
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