Distinguish between ‘Stop-Loss Reinsurance’ and ‘Excess of Loss Reinsurance’.

Stop-Loss Reinsurance and Excess of Loss Reinsurance are two common types of reinsurance contracts that provide coverage to primary insurance companies. While both types of reinsurance serve to mitigate risk and protect insurers from large losses, there are distinct differences between them.

Stop-Loss Reinsurance:
Stop-Loss Reinsurance, also known as specific excess of loss reinsurance, provides coverage to the primary insurer for an individual policy or claim that exceeds a predetermined threshold or "stop-loss" limit. Under this arrangement, the primary insurer retains a certain amount of risk up to __________ _______ ______ _______ _______ _____ ______ ______ _______ _________ __________ _______.
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