Cession statement

{
  "id": "MLC-T-INS-000737",
  "term": "Cession statement",
  "field": "Insurance and risk management",
  "definition": "A periodic report provided by a ceding insurer to its reinsurer, detailing the risks that have been ceded under a reinsurance treaty or facultative agreement. This statement typically includes information such as the original policy numbers, insured values, premiums due, and any claims incurred. It serves as an accounting document for the financial transactions between the ceding company and the reinsurer.",
  "url": "https://mlchart.com/terminology/insurance/cession-statement/"
}