What Does Pro Rata Reinsurance Mean?

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

Pro Rata Reinsurance

Pro Rata Reinsurance

The primary insurer cedes a predetermined percentage of the risk to the reinsurer. The reinsurer shares in the losses proportional to the premiums and limits reinsured.

We hope the you have a better understanding of the meaning of Pro Rata Reinsurance.

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