Quota share reinsurance definition

Quota share reinsurance means insurance purchased for the employee health care benefit plan which pays the plan a prede- termined fixed percentage of each claim.
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Quota share reinsurance means that form of reinsurance in which the reinsurer assumes a fixed percentage of the insured risk.
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Quota share reinsurance means a form of reinsurance in which the reinsurer shares a proportional part of both the original premiums and the losses of the reinsured.
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Examples of Quota share reinsurance in a sentence

  • Quota share reinsurance is also used to manage the Syndicate‘s net exposure to classes of business where the Syndicate’s risk appetite is lower than the efficient operating scale of the class of business on a gross of reinsurance basis.

  • Quota share reinsurance BAC enters into quota share reinsurance transactions with third-party reinsurers.

  • Quota share reinsurance involves one or more reinsurers taking a stated percent share of each policy that an insurer produces (“writes”).

  • Quota share reinsurance allows an insurer to retain some risk and premium while sharing the rest with an insurer up to a predetermined maximum coverage.

  • Quota share reinsurance may be allowed for all insurers in respect of specific portfolios/products subject to appropriate controls.

  • Quota share reinsurance is purchased to provide protection against claims arising either from individual large claims or aggregation of losses.

  • Quota share reinsurance is typically used to reduce the Group’s exposure to aviation deductible business.

  • Debtors arising out of reinsurance operations 20182017 £000£0001955 Quota share reinsurance debtor21,63818,651Due from intermediaries 34,218 20,213 55,856 38,864 15.

  • Quota share reinsurance is also used to manage the Group‘s net exposure to classes of business where the Group’s risk appetite is lower than the efficient operating scale of the class of business on a gross of reinsurance basis.

  • The settlement was reached on June 23, 2003 in the amount of $500,175, including interest.


More Definitions of Quota share reinsurance

Quota share reinsurance means that form of reinsurance in which the reinsurer assumes a fixed percentage of the insured risk. 'Shared risk pooling' means that method used by member insurers of the Underwriting Association to transfer risks to a common pool of shared market consumers with the experience of the pool allocated among the members."
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Related to Quota share reinsurance

  • Reinsurance means the activity consisting in accepting risks ceded by an insurance undertaking or by another reinsurance undertaking or, in the case of the association of underwriters known as Lloyd's, the activity consisting in accepting risks, ceded by any member of Lloyd's, by an insurance or reinsurance undertaking other than the association of underwriters known as Lloyd's;

  • Coinsurance means that you pay a percent of the total cost of the drug each time you fill a prescription.

  • Reinsurer has the meaning set forth in the preamble.

  • Insurance Companies means the companies with whom the Insurance Policies are held.