What Does Cession Statement Mean?

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

Cession Statement

Cession Statement

A periodic statement of subject premiums and the losses and expenses incurred under the reinsured policies, provided by the ceding company to a reinsurer.

We hope the you have a better understanding of the meaning of Cession Statement.

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