Specific excess insurance is described as:

• A. Addresses loss frequency by providing coverage once a cumulative per occurrence loss limit is breached.
• B. Provides coverage after a cumulative per occurrence limit is breached.
• C. Caps the insured's losses from a single occurrence.
• D. Replaces the need for a security deposit.

Answer: (C)

Specific excess insurance is designed to protect you for a single incident that goes beyond the underlying policy’s per-occurrence limit, providing coverage up to a defined excess amount. It effectively caps the insured’s losses from that one event by paying the amount over the primary limit up to the excess limit. This is different from coverage that kicks in after aggregate losses across the policy period, and it doesn’t deal with multiple events or replace a security deposit.