What Does Cede Mean?
What does Cede mean? Read on to discover the definition & meaning of the term Cede - to help you better understand the language used in insurance policies.
Cede
When a company reinsures its liability with another. The original or primary insurer, the insurance company that purchases reinsurance, is the "ceding company" that "cedes" business to the reinsurer.
We hope the you have a better understanding of the meaning of Cede.
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