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
If a loss occurs during a period of time when the agreed value coverage is in place, the Insurance Company will pay no more for the loss or damage to the property than the proportion that the Limit of Insurance for the damaged or lost property bears to the Agreed Value shown for it in the Declarations page.