Reinsure - Law Dictionary Search Results
direct insurance
: an insurance contract in which the insurer agrees to pay the insured for a designated loss compare reinsurance
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
or the state of being retained 2 : the portion of the insurance on a particular risk not reinsured or ceded by the originating insurer
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retrocession
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
embodying a negotiated agreement or contract 4 : an agreement or contract (as between companies) providing for treaty reinsurance
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