What Does Reinsurance Recoverable Mean?

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

Reinsurance Recoverable

Reinsurance Recoverable

Amount of an insurer's incurred losses that reinsurers will pay. May require collateralization if the cedent is to record the recoverable as an asset for statutory reporting purposes.

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

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