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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Interest period

Interest period indicates the time interval in which are attributed to interest on the capital. It can be annual, monthly, but also weekly. The…

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