REINSURANCE: (i) Insurance Company that places Reinsurance business of its original risk with a Reinsuring Company. (ii) An Insurer who purchases and is entitled to indemnification under a contract of Reinsurance (also known as the Reinsured).
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MEDICAL,USA: Insurance company that places reinsurance business of its original risk, all or part of those risks that it does not wish to retain in full, with a reinsuring company. Insurer that sells its policies directly to the public either through its own salaried employees or exclusive agents. Also called ceding insurer or referred to as cedent.
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Refer: “Reinsurance, Ceding Company”
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REINSURANCE: The company that transfers its risk to a reinsurer. See Cedent, Reassured, Reinsured.