Reinsurance - Law Dictionary Search Results
Home Dictionary Name: reinsurance Page: 2Reinsurance
Insurance a second time or again renewed insurance...
Reinsurer
One who gives reinsurance...
retention
retention 1 : the act of retaining or the state of being retained 2 : the portion of the insurance on a particular risk not reinsured or ceded by the originating insurer ...
retrocession
retrocession [French rétrocession, from Medieval Latin retrocessio retreat, from Late Latin, act of going back, from Latin retrocedere to go back] 1 : the return of title to property to its former or true owner ;specif in the civil law of Louisiana : the return to a decedent's heirs of property of the decedent that had been sold or assigned by coheirs NOTE: An heir's right to retrocession has been repealed. 2 : the act of ceding back something (as jurisdiction) 3 a : the process by which all or part of the risks assumed in an insurance contract are reassigned or ceded by a reinsurer to another insurance company b : the amount reassigned or ceded ...
Reinsure
To insure again after a former insuranse has ceased to renew insurance on...
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