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Home » Insurance » Reinsurance » Assumption reinsurance

Assumption reinsurance

Assumption reinsurance is a form of reinsurance whereby the reinsurer is substituted for ceding insurer as well as becomes directly liable for policy claims. This ordinarily requires a notice and release from affected policyholders. In the more typical reinsurance arrangement, the reinsurer has an obligation to indemnify the ceding insurer, which remains liable for claims on policies it has issued, also policyholders' approval is not required.

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