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Insurance Definition: FINITE RISK REINSURANCE

By Compuquotes Team on March 27th, 2008

FINITE RISK REINSURANCE:

Definition:

  • Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underwriting component. Also known as Financial Reinsurance because this type of coverage is often bought to improve the balance sheet effects of statutory accounting principles.

Information provided by Insurance Information Institute

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