What does Certificate of Reinsurance mean? Read on to discover the definition & meaning of the term Certificate of Reinsurance - to help you better understand the language used in insurance policies.
Certificate of Reinsurance
A record of reinsurance coverage pending replacement by a formal reinsurance contract, which is usually a facultative certificate. Opportunity is given for the ceding company to acknowledge acceptance of terms, with the reinsurer's obligation contingent on validity of key information stated in the certificate.
We hope the you have a better understanding of the meaning of Certificate of Reinsurance.