Reinsurance confirmation
Term · Insurance and risk management · MLC-T-INS-002850
A document or communication that formally acknowledges the terms of a reinsurance placement between a ceding insurer and a reinsurer. It serves as an interim agreement until a formal reinsurance contract or treaty is fully executed. This confirmation typically outlines key details such as coverage limits, premium, and effective dates.
| Identifier | MLC-T-INS-002850 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-002850",
"term": "Reinsurance confirmation",
"field": "Insurance and risk management",
"definition": "A document or communication that formally acknowledges the terms of a reinsurance placement between a ceding insurer and a reinsurer. It serves as an interim agreement until a formal reinsurance contract or treaty is fully executed. This confirmation typically outlines key details such as coverage limits, premium, and effective dates.",
"url": "https://mlchart.com/terminology/insurance/reinsurance-confirmation/"
}
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