What Does Reinsurance Commission Mean?

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

Reinsurance Commission

Reinsurance Commission

(1) Percentage of premium paid to the reinsurance intermediary; a ceding company expense. Compare to ceding commissions, which are an expense to the assuming reinsurer. (2) A profit commission paid to the cedent or the intermediary by the retrocessionaire.

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