REINSURANCE: (01) An Exactly stated yielding of a property or right under a Reinsurance agreement. A Reinsurance. An amount ceded as Reinsurance. (02) The amount given off by way of Reinsurance and therefore amount accepted by the Reinsurer.
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UK: (1) in reinsurance, the act of ceding business to a reinsurer, (2) a block of business so ceded.
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MEDICAL,USA: 1. A reinsurance. 2. In reinsurance, a property, parcel, or unit of insurance that an insurance company cedes to a reinsurer. 3. An amount ceded as reinsurance.
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A particular risk exposure that is transferred under a reinsurance treaty.
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UK: A specific item of reinsurance under a reinsurance treaty.
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Refer: “Reinsurance, Cession”
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REINSURANCE: The portion of insurance ceded by the ceding company to the reinsurer.
Insurance Encyclopedia
Cession limit
Reinsurance term meaning a limit that restricts the total sums insured ceded for a whole country or specified zone.
Cession, Priority
Refer: “Reinsurance, Cession Priority”
Cestui que trust
One for whose benefit property is held in trust.
Cestui que vie
From the French, literally “he or she who lives.” Also called the insured or the policyholder. The person whose life measures the duration of a trust, gift, estate, or insurance contract.