Nonadmitted balance is reinsured liabilities on an insurer's balance sheet (loss reserves and...
admitted reinsurance
Admitted reinsurance refers to reinsurance for which credit is given in the ceding company's annual statement because the reinsurer is licensed or approved to transact business in the jurisdiction where the risk is located.
Synonyms
authorized reinsurance
Related Terms
Credit for reinsurance is a statutory accounting procedure permitting a ceding company to treat...
The ceding company is the insurer that cedes all or part of the insurance or reinsurance it has...
An annual statement is a yearly report required by the state insurance commissioner detailing an...
