What Does Ceding Commission Mean?

Free Business Insurance Quote Click Here
What does Ceding Commission mean? Read on to discover the definition & meaning of the term Ceding Commission - to help you better understand the language used in insurance policies.

Ceding Commission

Ceding Commission

Remuneration paid to the ceding insurer/reinsurer by the assuming reinsurer (either entity could be a captive), compensating the cedent for various expenses that it incurs, such as underwriting and business acquisition expenses.

We hope the you have a better understanding of the meaning of Ceding Commission.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here