Definition of Assumed Reinsurance:
Insurance is accepted by other insurers, such as an approved company (policyholder).
For example, insurance is accepted by insurance companies. B. Accredited Company (Issuance Policy)
Reinsurance agreement or contract-based risk assumptions by insurance companies.
Literal Meanings of Assumed Reinsurance
Meanings of Assumed:
Accepted or adopted (by any means or identity), sometimes incorrect.
Adopted as the basis for the expected justification.
Sentences of Assumed
Expected election results
Synonyms of Assumed
fake, made-up, invented, improvised, bogus, spurious, sham, faked, adopted, fictitious, pseudo, concocted, false, make-believe, counterfeit, feigned, affected, pretended
Meanings of Reinsurance:
A contract in which an insured transfers all or part of the risk to another insurer to provide protection against the first or insurance risk.
Sentences of Reinsurance
The event will make it difficult for you to get international insurance for your customers