Second surplus reinsurance

Second surplus reinsurance,

Definition of Second surplus reinsurance:

  1. Reinsurance that a second reinsurer accepts through a surplus treaty. The amount is equal to the difference between the original reinsurers retention and the total limit of the first treaty.

Meaning of Second surplus reinsurance & Second surplus reinsurance Definition

Second Surplus Reinsurance,

Second Surplus Reinsurance:

  1. Additional insurance contracts for initial surplus contracts. This is the amount that exceeds the total premium of the original insurance company plus the total amount of the first retention.

Literal Meanings of Second Surplus Reinsurance

Second:

Meanings of Second:
  1. Officially endorse or approve (nominations or resolutions or their authors) as a necessary condition for acceptance or further discussion.

  2. Create two consecutive numbers that appear after the first or second sequence.

  3. Inferior or inferior in position, position or importance.

  4. A helper that helps a fighter during a double or boxing match.

  5. One hundred and sixty minutes, defined as the SI time unit based on the natural duration of radiation from the cesium atom 133. Not long.

  6. Angular distance of sixty minutes.

  7. Temporary transfer (military or government employee or other worker) to another job or position.

Sentences of Second
  1. Bertonszi supports Birmingham's nomination

  2. Married for the second time

  3. Copenhagen ranks second among Baltic ports

  4. It included a meeting with a young man who offered to be second in the duel.

  5. Torrance pulled the trigger, waited twenty-five seconds, then fired.

  6. In actual numbers, this resolution is about half a second, which is equivalent to seeing a pie from a distance of 10 kilometers.

  7. I was assigned a public relations unit.

Synonyms of Second

succeeding, commend, approve, endorse, lower, lesser, vote for, secondary, subsequent, back up, back, give one's support to, subservient, lower-grade, following, minor, after the first, assign temporarily, formally support, inferior, lend, subsidiary, announce one's support for, supporting, next

Surplus:

Meanings of Surplus:
  1. When demand is met, the quantity of something remains when the demand for more production or supply exceeds the demand

  2. Excessive or excessive

Sentences of Surplus
  1. Food export surplus

  2. Maximize your extra cash flow

Synonyms of Surplus

spare, additional, superfluity, remaining, overabundance, unused, glut, in excess, reserve, excess, oversupply, excessive, plethora, oversufficiency, surfeit, extra, superabundance, left, leftover, profusion

Reinsurance:

Meanings of Reinsurance:
  1. An agreement 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
  1. Such events will make it difficult for your clients to obtain international insurance.