Reinsurance Credit | Insurance Glossary

Definition of "Reinsurance credit"

credit reflected on a ceding company's annual statement, showing reinsurance premiums ceded and losses recoverable from the reinsurer.

Approving or permitting an action to occur. ...

Difference between the rent paid by a lessee as fixed by a lease prior to destruction of property an ...

Uncertainties associated with real property including lack of insurance coverage in the event of fir ...

A lender that holds the loans it originates in its portfolio rather than selling them. ...

Death from other than accidental means. ...

Individual with legal privileges and obligations. The legal term is sometimes used for a corporation ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

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