Admitted Reinsurance

Business, Legal & Accounting Glossary

Definition: Admitted Reinsurance


Admitted Reinsurance


Full Definition of Admitted Reinsurance


Reinsurance provided by a company that is licensed and authorized (admitted) to do business by a relevant governing entity (state or federal). Admitted reinsurance is used to provide higher coverage levels to customers when the risk is unacceptable to one insurance company alone. Reinsurance companies may pool the risk and share premiums. Or, an insurance carrier may pay a large scale reinsurer to take on partial liability for all the policies the carrier issues.


Cite Term


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Page URL
https://payrollheaven.com/define/admitted-reinsurance/
Modern Language Association (MLA):
Admitted Reinsurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 04, 2021 https://payrollheaven.com/define/admitted-reinsurance/.
Chicago Manual of Style (CMS):
Admitted Reinsurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/admitted-reinsurance/ (accessed: December 04, 2021).
American Psychological Association (APA):
Admitted Reinsurance. PayrollHeaven.com. Retrieved December 04, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/admitted-reinsurance/

Definition Sources


Definitions for Admitted Reinsurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.