What Does Adjustable Feature Mean?

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What does Adjustable Feature mean? Read on to discover the definition & meaning of the term Adjustable Feature - to help you better understand the language used in insurance policies.

Adjustable Feature

Adjustable Feature

A cost modification provision found in some reinsurance agreements. Parties agree to adjust final premium rate or final ceding commissions retrospectively, in accordance with the loss experience, by formulas set forth in the agreement.

We hope the you have a better understanding of the meaning of Adjustable Feature.

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