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
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Relationship between expected incurred insurance-related costs (not including claims) and expected written premiums. ...
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Arrangement between two or more insurance companies under which the parties to the agreement waive their subrogation rights against the other. Most such agreements are no longer in use. ...
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