Surplus Relief

Definition of "Surplus relief"

Insurance company's reinsurance commissions and expense allowances divided by its adjusted surplus account. The smaller this ratio, the more financially sound the insurance company, since this ratio shows the extent to which the insurance company relies on reinsurance to maintain its surplus strength.

Search Real Estate Glossary

Related Real Estate Glossary terms

Risk

Fluctuation in sales, profits, rat of return, etc. Likelihood of declining value. ...

Ad Litem

In practice, one where a guardian has been appointed to protect the interests of the suit on behalf ...

Increasing Life Insurance

Term or whole life policy with a face value that increases over time. ...

Morticians Professional Liability Insurance

Coverage for malpractice suits resulting from professional acts and/or omissions of morticians. ...

Home Inspector

A certified professional who inspects homes to insure they meet satisfactory construction standard ...

Trip Transit Insurance

Coverage on a single shipment of property while in temporary storage or in transit. This policy is m ...

Related Real Estate FAQ

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Title?

A title is the right of property ownership. ...

What Is An Amortization?

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

What do Real Estate Attorneys do? How to become a real estate agent Short Sale Homes What is Hazard Insurance? 6 Reasons you are not selling properties

FAQ

What is a APR Loan? What is a basic policy? What is a home warranty? What is title insurance? What do I need to know about Motorcycle Insurance?