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
Best Answer: An excess is a payment you have to make if you decide to claim on your policy. If you claim on your policy your insurance company will be paying you out, so basically it's a way of them paying a little less and keeping their costs down.eport Abuse. Excess is the amount payable in the event of an accident. If you have a vehicle insured for $10,000 and you have an at fault accident your excess might be $300 depending on the terms of your policy.