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LSDefine

Simple English definitions for legal terms

reinsured

Read a random definition: Modus Tenendi Parliamentum

A quick definition of reinsured:

Term: Reinsured

Definition: Reinsured is an insurance company that transfers some or all of the risks it has underwritten to another insurance company, called a reinsurer. The reinsurer usually receives a percentage of the original premium paid by the policyholder. Another term for reinsured is cedent or cedant.

A more thorough explanation:

Definition: A reinsured is an insurance company that transfers all or part of the risk it has underwritten to another insurance company, usually along with a percentage of the original premium. This is also known as a cedent or cedant.

Example: ABC Insurance Company underwrites a policy for a large construction project. However, ABC Insurance Company does not want to bear the entire risk of the policy, so it transfers a portion of the risk to XYZ Reinsurance Company. XYZ Reinsurance Company agrees to take on a portion of the risk and pays ABC Insurance Company a percentage of the original premium.

Explanation: In this example, ABC Insurance Company is the reinsured or cedent because it is transferring a portion of the risk it has underwritten to XYZ Reinsurance Company. XYZ Reinsurance Company is the reinsurer because it is taking on a portion of the risk and paying a percentage of the original premium to ABC Insurance Company.

reinsurance treaty | reinsurer

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ParallelAgreeableOrangutan
19:50
Anyway joke's on them, they're in Evanston not Chicago
20:07
actually northwestern law is in downtown chicago
20:07
it’s actually more chicago than UChi lol
20:25
Northwestern has a goated location, right by navy pier . But Northwestern's main campus is beatiful and in Evanston (goated location but different reasons)
esoterica
21:30
I like northwestern law location a lot but I did a self guided tour there and this 3L I met told me that if I want to do public interest I shouldn't go there bc career services provides no support
MrThickRopes
0:37
I fukcking
MrThickRopes
0:37
really loved this girk
MrThickRopes
0:37
girl
MrThickRopes
0:38
but legislation preventented me from saying so
MrThickRopes
0:38
he is perfect. she would be perfect before m after, or diuring if he was in charge
1:10
is he perfect?
@MrThickRopes: Careful Mr. ThickRopes. I once wrote a love letter to a girl and it was used against me in court. Best not to tell women how you really feel about them. Might get accused of Rape. Oh my God I am so Horny. Haven't fucked in 6 years now. Man oh man!
^^^^^^^^^ Imagine that shit gets presented in court and your boomer judge who doesn't understand A.I. does not surpress it. Good god!
I thought about this more. You know, if you were still in high school. The time it is easiest to start a relationship, I would say yes. Tell her how you feel. Any woman post undergrad though, nah don't risk it. Wait to see how she turns out as a person at 25 at the very minimum. You probably dodged a bullet.
love amirite
alexa play marvin gaye
globalcitizen
9:58
These are the kinda freaks collecting 100% disability , we work hard everyday to subsidize these buffoons
@ParallelAgreeableOrangutan: I am too that’s why I’m a Tulane crashout rn
18:54
yall we didn’t have to report if we were the complaining party in a criminal case right for character and fitness
18:55
omg i’m scared
18:56
like if i sued my ex for whoopin my azz
19:37
Red flag
19:38
suing someone for being a little freaky 🤪 💀
19:39
LMAO CRAZY
19:40
[deleted by esoterica]
19:41
[deleted by esoterica]
13:51
@esoterica: thanks 🙏 it was a bad joke
how can I look up data on are applicants on here?
It depends how they phrased the question. Some questions just ask if you've ever been charged
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