Reinsurer

 

Meaning of the word: Reinsurer

Reinsurer is a company, which takes responsibility in the case that the insurer is unable to repay its obligations. The insurer must pay for this service. When the insurer gets into insolvency, reinsurer take full responsibility for his debts. 

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FROM DICTIONARY

Regress

Regress is sanctioning, awarded by the insurance company. The insurance company shall be entitled to repayment of part or the whole of the insurance…

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