automatic proportional reinsurance

Definition

Popular Terms

A type of reinsurance wherein the insurer automatically reinsures certain risks with his or her reinsurer by transfer. Under this type of reinsurance, premiums and losses are divided between the insurer and reinsurer. The reinsurer pays the insurer a transfer commission.

risk

policy

third-party ins...

letter of indem...

employer's liab...

insurance

force majeure

ex gratia payme...

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