Peter Pan serves over 100 communities throughout the northeast corridor, with daily express service including Boston, New York, Philadelphia, Baltimore and Washington, DC. The company transports over three million passengers a year and its fleet of more than 300 buses travels over 25 million miles annually.
Definition of EXCESS OF LOSS (XOL) AGREEMENT: A REINSURANCE arrangement where a REINSURER assumes RISKS and returns in specific horizontal or vertical layers; depending on the magnitude of losses and t
The excess coverage would only be used when SIPC coverage is exhausted. Like SIPC, excess protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business.