What Does Credit - Assumption Agreement Mean?

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

Credit - Assumption Agreement

Credit - Assumption Agreement

An insurance certificate issued on an existing insurance contract indicating that another insurer has assumed all of the risk under the contract from the ceding insurance company.

We hope the you have a better understanding of the meaning of Credit - Assumption Agreement.

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