Credit for reinsurance is a statutory accounting procedure permitting a ceding company to treat...
admitted reinsurer
An admitted reinsurer is one that has substantially complied with licensing requirements of a particular state but has not taken out a license.
Additional Information
Reinsurance effected with an admitted reinsurer is equivalent to reinsurance with a licensed reinsurer as far as taking credit for reinsurance is concerned.
Related Terms
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...
