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Reinsurance |
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Reinsurance is a method for an insurance company to share the risk of large losses with other insurance companies. It is insurance purchased by an insurer, and it spreads risks across alternative institutions to protect against unforeseen or extraordinary losses. It functions in the same method as insurance but on a larger scale. For consideration, a reinsurer agrees to indemnify the ceding company against all or part of the loss it could sustain under the policies which it has issued. It generally involves a pool of specialist reinsurers, such as earthquake and hurricane reinsurers, operating on a global basis. This enables a client to obtain coverage that is beyond the level of risk that a single company can assume. Find a Insurance Attorney in your area.
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arrest warrant
a warrant issued to a law enforcement officer ordering the officer to arrest and bring the person named in the warrant before the court or a magistrate
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