Admitted/authorized Reinsurance,
Definition of Admitted/authorized Reinsurance:
Reinsurance whose loans are provided to the Sedent's annual account because reinsurance is licensed or licensed in the legal system that carries the risk.
Reinsurance, a credit given on the annual financial statements of a seeding company because the reinsurer is licensed or authorized to do business in the area where the risk exists. See also unsupported credit.
Literal Meanings of Admitted/authorized Reinsurance
Admitted:
Meanings of Admitted:
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Acknowledge whether this is true or not.
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Let (someone) enter a place.
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Accepted as valid.
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Allow opportunity.
Sentences of Admitted
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The Home Office eventually acknowledged that several detainees had been injured.
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Retirees enter the museum for free.
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Courts may refuse to accept illegally obtained police evidence.
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You need to be notified to allow further delays.
Synonyms of Admitted
make known, acknowledge, permit entry, blurt out, let in, give right of entry to, approve of, avow, condone, give away, accept, allow entry, welcome, give access to, permit, take in, show in, divulge, authorize, declare, bring to light, allow, disclose, receive, make a clean ■■■■■■ of, grant entrance to, sanction, confess, reveal
Authorized:
Meanings of Authorized:
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You have government approval or approval.
Sentences of Authorized
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Government dealer
Reinsurance:
Meanings of Reinsurance:
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An agreement in which an insurer transfers all or part of the risk to another insurer to protect themselves from the risk of the first insurance.
Sentences of Reinsurance
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Events like these will make it harder for your customers to get international insurance.
source https://howtodiscuss.com/t/admitted-authorized-reinsurance/74156/1
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