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Amar Insurance LLC engages internationally recognized reinsurers to support effective risk transfer and capital protection, thereby safeguarding the Company’s financial soundness. These arrangements are structured in full compliance with the Company’s internal Reinsurance Policy and the Reinsurance Program duly approved by the Board of Directors. We operate under treaty reinsurance agreements covering twelve (12) classes of insurance business, forming an integral part of its underwriting framework.
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REINSURANCE
Our capacity
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FACULTATIVE REINSURANCE Risks with high sum insured or values exceeding treaty capacities, which are not covered under the treaty reinsurance program, are placed under facultative reinsurance arrangements. |
| Class of Business | Limit of Liability |
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Property, including business interruption, machinery breakdown and policies covering Natural Perils and FLEXA, intentional and unintentional acts of third party, theft, burglary, robbery, plumbing perils, electrical perils |
MNT 10,000,000,000 |
| CAR / EAR | MNT 10,000,000,000 |
| Special Purpose Machinery / Heavy Trucks | MNT 7,000,000,000 |
| General Third Party Liability, Public Liability, Professional Indemnity, Employers Liability and Product Liability (for only Product Liability, Product Liability insurance | MNT 5,000,000,000 |
| Marine Cargo, Inland Transit | MNT 5,000,000,000 |
| Motor Casco | MNT 2,800,000,000 |
| Partner Brokers and Reinsurance Companies: |
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