reinsured in English

verb
1
(of an insurer) transfer (all or part of a risk) to another insurer to provide protection against the risk of the first insurance.
It is not for nothing that the laws of the land prescribe a minimal portion of the insurance business to be compulsorily reinsured with another insurer/reinsurer.

Use "reinsured" in a sentence

Below are sample sentences containing the word "reinsured" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "reinsured", or refer to the context using the word "reinsured" in the English Dictionary.

1. The Ceding commission may also include a profit factor for the reinsured

2. This retention is (mutually) reinsured among the pool members in accordance with an agreed formula.

3. The rate and means by which it Amortises such gain reflect the expected amount and payout pattern of the reinsured losses

4. Ceded Premiums means all premiums (including policy fees), considerations, deposits and other similar amounts actually received by the Cedant in respect of the Reinsured Policies, net of the amount deemed payable in respect of Current Third Party Reinsurance Premiums. Sample 1 Sample 2 Based on 2 documents