treaty reinsurance
Treaty reinsurance is a form of reinsurance in which the ceding company makes an agreement to cede certain classes of business to a reinsurer.
Additional Information
The reinsurer, in turn, agrees to accept all business qualifying under the agreement, known as the "treaty." Under a reinsurance treaty, the ceding company is assured that all of its risks falling within the terms of the treaty will be reinsured in accordance with treaty terms.
Summary
Synonyms
treaty
