Risk retention definition

Risk retention. – means the loss or benefit remaining from a particular risk.
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Risk retention means that amount or portion of sum insured by an insurer that is not reinsured (was not ceded to a reinsurer);
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Risk retention shall have the meaning set forth in Section 6.2.
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Examples of Risk retention in a sentence

  • Risk retention is a viable strategy for small risks where the cost of insuring against the risk would be greater over time than the total losses sustained.

  • Risk retention groups, as well as surplus lines insurers, do not submit rate and form filings to state regulators and are not members of state guaranty associations that manage claims if an insurer becomes insolvent.

  • Risk retention (Article 6) NPE securitisations are made subject to a special regime when it comes to fulfilling the risk retention requirement in order to better take account of their special characteristics.

  • Risk retention groups are authorized by federal law and sell insurance to eligible members and shareholders.

  • Risk retention may increase investor participation rates because investors would have assurance that the sponsor is exposed to the same credit risk and will suffer similar losses if default rates are higher than anticipated.

  • Risk retention imposed directly on originators may be more effective in improving underwriting standards than if imposed on sponsors.

  • Risk retention pools are technically retaining the risk for the group, but spreading it over the whole group involves transfer among individual members of the group.

  • Risk retention groups and captive insurers also provide additional options for cannabis-related business insurance coverage.

  • Risk retention requirements for qualifying securitisation Question 3:A.

  • Risk retention groups chartered and licensed in states other than this state and seeking to do business as a risk retention group in this state shall comply with the laws of this state as follows: Drafting Note: RRA of 1986 exempts a risk retention group from any state law regarding its operation in a state in which it is not domiciled except those laws referred to in RRA 1986.

Related to Risk retention

  • AIG means American International Group, Inc.

  • New Jersey Stormwater Best Management Practices (BMP) Manual or “BMP Manual” means the manual maintained by the Department providing, in part, design specifications, removal rates, calculation methods, and soil testing procedures approved by the Department as being capable of contributing to the achievement of the stormwater management standards specified in this chapter. The BMP Manual is periodically amended by the Department as necessary to provide design specifications on additional best management practices and new information on already included practices reflecting the best available current information regarding the particular practice and the Department’s determination as to the ability of that best management practice to contribute to compliance with the standards contained in this chapter. Alternative stormwater management measures, removal rates, or calculation methods may be utilized, subject to any limitations specified in this chapter, provided the design engineer demonstrates to the municipality, in accordance with Section IV.F. of this ordinance and N.J.A.C. 7:8-5.2(g), that the proposed measure and its design will contribute to achievement of the design and performance standards established by this chapter.

  • Insurance Company The Transferee is an insurance company whose primary and predominant business activity is the writing of insurance or the reinsuring of risks underwritten by insurance companies and which is subject to supervision by the insurance commissioner or a similar official or agency of a state, U.S. territory or the District of Columbia.

  • Foster care means substitute care furnished on a 24-hour-a-day basis to an eligible child in a licensed or approved facility by a person or agency other than the child’s parent or guardian but does not include care provided in a family home through an informal arrangement for a period of 20 days or less. Child foster care shall include but is not limited to the provision of food, lodging, training, education, supervision, and health care.

  • Shelter care means the temporary care of children in physically unrestricting facilities.

  • Emergency medical care means such medical procedures as: