reinsurer
81facultative reinsurance — /faekalteytav riyanshurans/ Under type designated facultative , the reinsurer has the option of accepting the tendered part of the original insurer s risk. Lincoln Nat. Life Ins. Co. v. State Tax Commission, 196 Miss. 82, 16 So.2d 369 …
82facultative reinsurance — /faekalteytav riyanshurans/ Under type designated facultative , the reinsurer has the option of accepting the tendered part of the original insurer s risk. Lincoln Nat. Life Ins. Co. v. State Tax Commission, 196 Miss. 82, 16 So.2d 369 …
83reinsurance — A contract whereby one party, the reinsurer, agrees to indemnify another, the reinsured, either in whole or in part, against loss or liability which the latter may sustain or incur under a separate and original contract of insurance with a third… …
84reinsure — [rē΄in shoor′] vt. reinsured, reinsuring to insure again, esp. under a contract by which one insurer transfers all or part of the risk to another insurer reinsurance n. reinsurer n …
85reinsure — v.tr. & intr. insure again (esp. of an insurer securing himself by transferring some or all of the risk to another insurer). Derivatives: reinsurance n. reinsurer n …
86retrocession — I. ˈseshən noun ( s) Etymology: Late Latin retrocession , retrocessio, from Latin retrocessus (past participle of retrocedere to go back, go backward) + ion , io ion 1. : the act or process of retroceding : recession 2 …
