Certificate of reinsurance

{
  "id": "MLC-T-INS-000732",
  "term": "Certificate of reinsurance",
  "field": "Insurance and risk management",
  "definition": "A document issued by a reinsurer to a ceding insurer, confirming the terms and conditions of a reinsurance agreement for a specific risk or group of risks. It serves as evidence of the reinsurance coverage in place, outlining the perils covered, the limits of liability, and the premium. This certificate is particularly common in facultative reinsurance, where individual risks are underwritten and reinsured separately.",
  "url": "https://mlchart.com/terminology/insurance/certificate-of-reinsurance/"
}