What Does Automatic Reinsurance Mean?

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

Automatic Reinsurance

Automatic Reinsurance

Automatic reinsurance, also called obligatory reinsurance or automatic treaty, refers to the arrangement between two companies, the ceding company and the insurer, where the latter agrees to take on the transfer of a set of risks even without being given notice in the future.

We hope the you have a better understanding of the meaning of Automatic Reinsurance.

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