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
Refusal by an insurance company to underwrite a risk. ...
Coverage for business risks including goods in transit, fire, burglary, and theft. A common example is the COMMERCIAL PACKAGE POLICY (CPP). ...
Method of operation. ...
Policy under which the insurer will pay the actual cash value of the property at the time the property was damaged or destroyed provided the loss falls within the limitations of the policy. ...
Decrease in value of property as the result of technological advancement and/or changing social mores. This factor is used to measure the amount of depreciation in determining the actual ...
Wrongful inaction; failure to act; inactivity. ...
Investments made in a variety of securities issued by government agencies. ...
Time period in health insurance that must elapse between a previous illness and a current one, if the current one is to be considered a separate illness eligible for a new set of benefits. ...
Inability of the insured to perform any and all important daily duties of that insured's occupation. ...
Have a question or comment?
We're here to help.