MLchartDataset catalogue

Reinsurance credit

Term · Insurance and risk management · MLC-T-INS-002851

The ability of a ceding insurer to reduce its statutory liabilities by the amount of reinsurance ceded to an authorized reinsurer. This allows the ceding insurer to free up capital that would otherwise be held against those liabilities. State insurance regulations specify the conditions under which reinsurance credit can be taken.

Table 1. Record
IdentifierMLC-T-INS-002851
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002851",
  "term": "Reinsurance credit",
  "field": "Insurance and risk management",
  "definition": "The ability of a ceding insurer to reduce its statutory liabilities by the amount of reinsurance ceded to an authorized reinsurer. This allows the ceding insurer to free up capital that would otherwise be held against those liabilities. State insurance regulations specify the conditions under which reinsurance credit can be taken.",
  "url": "https://mlchart.com/terminology/insurance/reinsurance-credit/"
}

Record 2,915 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.