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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Legislation passed in 1988 by the U.S. Congress to facilitate movement of checks through the collection system. As the result of this Act, the Federal Reserve has established rules for the ...
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