How Do You Define Participating Reinsurance?
The general form of insurance in which the insurer and the central insurance company share losses in proportion to the limits and distribution of premiums. Quota reinsurance and quota insurance are two types of partnership insurance. Another term used to describe recurring insurance is proportional reinsurance.
The definition of Participating Reinsurance is: This includes installment payments, first earnings, second income and all other forms of mutual reinsurance where the insurance company shares all losses and premiums at a support rate. See also Proportional Reinsurance.
Literal Meanings of Participating Reinsurance
Meanings of Participating:
Participate in an action or a company.
Is or is (a certain standard)
Sentences of Participating
Thousands join national strike
Synonyms of Participating
avail oneself of, have the benefit of, be possessed of, play a part, be endowed with, get involved, play a role, reap the benefits of, share, have the advantage, engage, join, have the use of, benefit from, be born with, partake, be a participant, have available, be blessed with, take part, be favoured with
Meanings of Reinsurance:
A contract in which an insured transfers all or part of the risk to another insured to protect himself from the risk of the first insurance.
Sentences of Reinsurance
Such incidents will make it difficult for your clients to obtain international insurance.