nonadmitted reinsurance
Definition
Reinsurance that is not credited on the ceding company's annual statement because the reinsurer is not properly licensed in the jurisdiction where the business was conducted.
Related Articles
- What is Investing? *
- Understanding Educational Tax Credits *
- Consider Taxes When Picking Mutual Funds *
- Introduction to Bonds *
- Understanding Asset Allocation While Building a Portfolio *
- ETFs - Basic Facts *
- Types of Stock Mutual Funds *
- The Importance of Saving and How Much To Set Aside *
Related Videos
http://www.businessdictionary.com/definition/nonadmitted-reinsurance.html
