Retrocession - Law Dictionary Search Results
Home Dictionary Name: retrocessionretrocession
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of property of the decedent that had been sold or assigned by coheirs NOTE: An heir's right to retrocession has been repealed. 2 : the act of ceding back something (as jurisdiction) 3 a : the process by which all or part of the risks assumed in an insurance contract are reassigned or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 ...
Retrocession
Retrocession, a re-assignment of inheritable rights to the cedent or original assignor, Civ. Law.Means the act of ceding something back (such as a territory or jurisdiction); the return of a title or other interest in property back to its former rightful owner, Black's Law Dictionary, 7th Edn., p. 1318.Means the act of ceding something back, Black's Law Dictionary, 7th Edn., p. 1318...
reinsurance
reinsurance : insurance or indemnification by a second insurer of all or part of a risk assumed by another insurer as contracted for by the first insurer see also cede compare direct insurance, retrocession ...
Retrocession
The act of retroceding...
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial