treaty reinsurance

noun

Legal Definition of treaty reinsurance

: reinsurance under a general agreement that automatically reinsures in accordance with its terms all risks of a given class to a predetermined extent as soon as they are insured by the direct underwriter — compare facultative reinsurance

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treaty

treaty reinsurance

treble damages

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Cite this Entry

“Treaty reinsurance.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/treaty%20reinsurance. Accessed 25 Sep. 2021.

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