MLchartDataset catalogue

Nonadmitted reinsurance

Term · Insurance and risk management · MLC-T-INS-002317

Reinsurance placed with a reinsurer that is not licensed or authorized in the ceding insurer's domicile state. Ceding insurers typically receive no credit for this reinsurance on their statutory financial statements unless the reinsurer provides acceptable collateral. This practice is common in the international reinsurance market.

Table 1. Record
IdentifierMLC-T-INS-002317
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002317",
  "term": "Nonadmitted reinsurance",
  "field": "Insurance and risk management",
  "definition": "Reinsurance placed with a reinsurer that is not licensed or authorized in the ceding insurer's domicile state. Ceding insurers typically receive no credit for this reinsurance on their statutory financial statements unless the reinsurer provides acceptable collateral. This practice is common in the international reinsurance market.",
  "url": "https://mlchart.com/terminology/insurance/nonadmitted-reinsurance/"
}

Record 2,275 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.