assumption reinsurance

Definition

A type of reinsurance. The company reinsuring the insured party assumes total responsibility for the policy from the original insurance company. This is done by transferring the policy from the insurer to the re-insurer.



http://www.businessdictionary.com/definition/assumption-reinsurance.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z