What is the definition of Quota share re-insurance? | Dictionary.net

QUOTA SHARE RE-INSURANCE

\kwˈə͡ʊtə ʃˈe͡ə ɹˌiːɪnʃˈʊ͡əɹəns], \kwˈə‍ʊtə ʃˈe‍ə ɹˌiːɪnʃˈʊ‍əɹəns], \k_w_ˈəʊ_t_ə ʃ_ˈeə ɹ_ˌiː__ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\

Definitions of QUOTA SHARE RE-INSURANCE

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

A re-insurance premium where the ceding insurer is indemnified for each risk that is listed on the contract. Ther is a percentage loss for each risk that is listed.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

mind-cure

Pretended cure of disease by mental influence.

View More

Nearby Words