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Sub Suc Sud Sue Suf Suh Sui Sum Sun Sup Sur Sus

Surplus lines insurers list

A list of all eligible surplus lines insurers that is maintained by the Texas Department of Insurance (TDI) indicating all unlicensed insurers that meet the requirements of TIC 981, Subchapter B, and 28 TAC Secs. 15.8and 15.9.
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A list of all eligible surplus lines insurers that is maintained by the Texas Department of Insurance (TDI) indicating all unlicensed insurers that meet the requirements of TIC 981, Subchapter B, and <a href="https//texreg.sos.state.tx.us/public/readtac$ext.TacPage?sl=R&ampapp=9&ampp_dir=&ampp_rloc=&amp

Surplus reinsurance

a form of reinsurance under which the cedant decides the limit of the liability which it wishes to retain on any risk or class of risk, this being its maximum retention; the surplus above the retention is allotted to reinsurers; the limit of the liability which may be ceded to the reinsurer is normally expressed in term of lines (that is multiples of the cedant’s retention).

Surplus Reinsurance (also known as Surplus Share Reinsurance or Variable Quota Share Reinsurance)

A form of pro rata reinsurance under which the ceding company cedes that portion of its liability on a given risk which is greater than the portion of risk the cedent retains (i.e., net line), and the premiums and losses are shared in the same proportion as the ceded amount bears to the total limit insured on each risk.

Surplus relief

An increase in the cedant’s surplus through financial reinsurance. Cedants are able to use the increase in surplus to write more business while retaining reasonable operating ratios, e.g., the combined ratio and the ratio of written premium to surplus.

Surplus Share Reinsurance

See: Surplus Reinsurance, Variable Quota Share Reinsurance.
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A type of pro rata or proportional reinsurance agreement under which the insurer and reinsurer agree to share a predetermined portion of all insurance, premium, and losses. The primary insurer’s retention in a surplus share agreement is stated as a dollar amount of the amount insured.

Surplus share treaty (SST)

Proportional treaty that allocates risk, losses and premium on a variable-percentage basis between the cedant and reinsurer. The cedant’s retention is a fixed monetary amount for each policy but the percentage reduces as the policy limit increases. Where the retention, called a line, is not exceeded, 100 per cent of the risk is retained by the cedant. The treaty capacity is expressed as a multiple of the cedant’s line; a retention of £3m plus a four line treaty (£12m) means that the cedant is able to accept up £15m without recourse to further reinsurance facultatively or by a second surplus treaty. See Figure 8.

Surplus Treaty

A reinsurance treaty whereby one or more reinsurers agree to accept amounts of Reinsurance, called lines, in a certain range of values over a specified amount (line) retained by the original insurer, the losses being shared proportionately by the original insurer and the reinsurer(s).