treaty reinsurance
noun
: reinsurance under a general agreement that automatically reinsures in accordance with its terms all risks of a given class to a predetermined extent as soon as they are insured by the direct underwriter compare facultative reinsurance
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“Treaty reinsurance.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/treaty%20reinsurance. Accessed 25 Nov. 2024.
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