Proportional Reinsurance


Definition of "Proportional reinsurance"

Wyndie Butler
  Coldwell Banker Residential Real Estate - Pensacola

System whereby the re insurer shares losses in the same proportion as it shares premium and policy amounts. Proportional reinsurance may be divided into the two basic forms: automatic proportional reinsurance and facultative proportional reinsurance.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Cherry Pick

Practice of selling those securities whose price has increased and retaining those securities whose ...

Cost Of Occupancy

Expenditure paid to occupy property over a specified time period. ...

Modification Of Contract

Adaptation of a standard insurance contract for special needs. Standard forms do not cover all needs ...

Judgment

A judicial ruling in which the rights and claims of the parties have been considered. A final r ...

Estate Transfers

Conveying of assets from the donor to the beneficiary as a means of minimizing the legal tax obligat ...

Load (sales Charge)

Sales commission charged to buy shares in a real estate mutual fund sold by a broker or salesperson. ...

Related Real Estate FAQ

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is A Lease Purchase Mortgage?

A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Is A Second Mortgage?

A second mortgage is a type of mortgage on property that has alien already on the first mortgage. Th ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Getting Ready to Sell? Don't make these DIY Mistakes! 6 Reasons you are not selling properties Short Sale Homes Top Five Reasons Your Home Offer was Rejected What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

What is PITI and what does it stand for? What is a subprime mortgage? What is a sales contract? What is a gift letter? What does FSBO mean?