| 单词 | reinsurance treaty |
| 释义 | reinsurance treaty in Insurance (riɪnʃʊərəns triti) Word forms: (plural) reinsurance treaties noun (Insurance: Reinsurance) reinsurance, treatyA reinsurance treaty is a contract that defines the terms of reinsurance business. The reinsurer will be obliged to pay for losses that have occurred prior to commencementof the reinsurance treaty but unsettled at the end of the previous contract period. The reinsurance treaty is negotiated and signed by a ceding company and a reinsurer and establishes theterms and conditions by which risk can be submitted for reinsurance. A reinsurance treaty is a contract that defines the terms of reinsurance business. |
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