Because of the holding company structure of many, if not most, insurance and reinsurance companies today, it is necessary to identify the correct parties to any commutation agreement.
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commutation agreement - An agreement between a ceding insurer and the reinsurer that provides for the valuation, payment, and complete discharge of all obligations between the parties under a particular reinsurance contract. ... Suggest an improvement or addition to the Insurance and Risk Management Glossary ... commutation clause...
www.irmi.com/online/insurance-glossary/terms/c/commutat... www.irmi.com/online/insurance-glossary/terms/c/commutation-agreement.aspx
Finite Risk insurance - Wikipedia, the free encyclopedia
Finite Risk insurance is the term applied within the insurance industry to describe an Alternative Risk Transfer product that is typically a multi-year insurance contract where the insurer bears limi...
en.wikipedia.org/wiki/Finite_Risk_insurance
Having said that, however, there are some circumstances where policyholders may prudently agree to uncapped indemnity and defense provisions.  First, where the policyholder has agreed to a “buy-back” or commutation of an insurance policy (or a particular line of coverage under the policy),
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The invention relates to a label provided for being stuck to a glass pane of a vehicle for testimoning the existence of an insurance, a contract or similars.
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Also see these pages: Commutation Rights , Life Insurance, Life Insurance Sitemap, Insurance, Insurance Sitemap, Insurance Dictionary - C ... Commutation Rights, , Commutation Rights Glossary, Commutation Rights Dictionary, Commutation Rights Terms, Insurance, Insurance Dictionary, Insurance Glossary,
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