Reinsurance Commissions And Expenses
Definition of "Reinsurance commissions and expenses"
Total amount of commissions and expense allowances paid by the reinsurer to its ceding company minus the total amount of reinsurance commissions and expense allowances that, in turn, its ceding company paid on its assumption of reinsurance from another cedent.
Popular Insurance Terms
Right of a policyholder, in life insurance with cash values, to continue full coverage for a limited period, as shown in a table in the policy, with no further premiums payable. ...
The term pro rata cancellation comes from the Latin term pro rata, which means in proportion or according to a certain rate. The term pro rata cancellation is used in the insurance business ...
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Incidents covered under workers compensation benefit. ...
Assets minus liabilities of the insurance company. ...
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