Obligatory Reinsurance

Obligatory Reinsurance,

How To Define Obligatory Reinsurance?

  • Compulsory insurance is a type of insurance in which the insurance company sends all the policies that are sent to the insurance company in compliance with the instructions of the insurance contract. A compulsory insurance contract, also called an automated contract, requires reinsurance to obtain this policy.

Literal Meanings of Obligatory Reinsurance

Obligatory:

Meanings of Obligatory:
  1. Required by legal, ethical or binding principles.

Sentences of Obligatory
  1. Seat belts are now mandatory in cars

Synonyms of Obligatory

demanded, required, compulsory, incumbent, prescribed, mandatory, statutory, binding, enforced