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
Meanings of Obligatory:
Required by legal, ethical or binding principles.
Sentences of Obligatory
Seat belts are now mandatory in cars
Synonyms of Obligatory
demanded, required, compulsory, incumbent, prescribed, mandatory, statutory, binding, enforced