Huge Insurance Company is a property insurer that is interested in protecting itself against cumulative losses that exceed $200 million during the year.This protection can best be obtained using a(n)

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An excess-of-loss reinsurance treaty provides protection against catastrophic losses that exceed a specific dollar amount. In this case, Huge Insurance Company is interested in protecting itself against cumulative losses that exceed $200 million during the year. An excess-of-loss reinsurance treaty is the best option to achieve this protection. A quota-share reinsurance treaty and surplus-share reinsurance treaty do not provide specific protection against catastrophic losses, while a reinsurance pool is a joint arrangement among insurers to spread risk, rather than a specific type of reinsurance treaty.

Huge Insurance Company Is a Property Insurer That Is Interested