REINSURANCE: A pro-rate reinsurance premium is charged for the reinstatement of the amount of reinsurance coverage that was reduced as the result of a reinsurance loss payment under a catastrophe cover.
***
An additional premium paid to replenish (reinstate) the limit consumed in the event of a loss.
***
REINSURANCE: An additional reinsurance premium that may be charged for reinstating the amount of reinsurance coverage reduced as the result of a reinsurance loss payment under a reinsurance contract, typically a “Cat” or “Clash” cover/program. See Reinstatement Clause.
***
Premium to reinstate the sums insured which has been eroded by claim payments.

A contract that reimburses a ceding company for all or part of an additional premium that is or was required to be paid to the reinsurer to effect a reinstated limit on another contract or contracts, typically a “Cat” or “Clash” cover / program.”

Instructions to a broker requesting him to effect a Reinsurance contract.

The consideration paid by a ceding company to a reinsurer for the coverage provided by the reinsurer.

Group of Reinsurers acting as a cooperative in offering Reinsurance and sharing among themselves, on specified terms, certain Reinsured business.

Language that describes the coverage agreed upon by the parties, i.e., what is covered and when. The key components are thee: The indemnity aspect of the agreement, the type of business covered, and the method of determining whether a loss falls within the scope of the agreement. Also known as Cover Clause, Business Reinsured Clause and Application of Agreement Clause.
***
UK: The clause in a reinsurance contract that sets out the terms under which a claim can be made. It is the reinsurance equivalent of the operative clause.

The amount of a risk to be reinsured after deducting the amount the ceding company is keeping in its own account.