What Does Credit For Reinsurance Mean?

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

Credit For Reinsurance

Credit For Reinsurance

A statutory accounting procedure permitting a ceding company to treat amounts due from reinsurers as assets or reductions from liability based on the status of the reinsurer.

We hope the you have a better understanding of the meaning of Credit For Reinsurance.

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