This is obviously a trick question. No one in their right mind would ever have a 10 million sublimit on quake!
ANSWER: No, it defers cat peril agg, provided all pd and loss of rev is compounded into the cat limit so it's more in line with a loss limit type scenario. You're welcome.
I love it when you talk actuary to me.
Domo arigato, Mr. Roboto. And other non-English sounding words. Oh, and I say black. Always bet on black.
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