Reinsure - Law Dictionary Search Results
Home Dictionary Name: reinsure Page: 2intermediary
intermediary pl: -ar·ies : one that acts as a means or go-between in a matter involving other parties [a reinsurance ] see also learned intermediary intermediary adj ...
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of property of the decedent that had been sold or assigned by coheirs NOTE: An heir's right to retrocession has been repealed. 2 : the act of ceding back something (as jurisdiction) 3 a : the process by which all or part of the risks assumed in an insurance contract are reassigned or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 ...
treaty
treaty pl: treaties [Anglo-French treté, from Middle French traité, from Medieval Latin tractatus, from Latin, handling, treatment, from tractare to treat, handle] 1 : the action of treating and esp. of negotiating 2 : an agreement or arrangement made by negotiation: as a : private treaty b : a contract in writing between two or more political authorities (as states or sovereigns) formally signed by representatives duly authorized and usually ratified by the lawmaking authority of the state [the president…shall have power, by and with the advice and consent of the Senate, to make treaties "U.S. Constitution art. II"] compare executive agreement 3 : a document embodying a negotiated agreement or contract 4 : an agreement or contract (as between companies) providing for treaty reinsurance ...
Reinsurance
Insurance a second time or again renewed insurance...
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