The meaning of the word "cedant" is someone who takes some of the risk for an undertaking. They act as an insurer to the person taking the risk in exchange for a cut of the benefits.
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The first meaning of a word is referred to as "denotative meaning". This is the dictionary definition. The second meaning of a word is referred to as "connotative meaning". This is not in the dictionary.
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The founder of the Cedant Corporation is Henry Silverman. They were founded in the early 1990s and they operated in the travel and real estate industries.
Reinsurance schemes are somewhat similar to reinsurance commutations, where the cedant assumes back the outstanding liabilities on a reinsured block of business a few years after the exposure period has closed. In a scheme, however, rather than the cedant and the reinsurer negotiating a commutation price, an independent court is used to determine the cost of the liabilities that are being assumed back.
"Follow-the-fortunes" is a fundamental doctrine of reinsurance which provides generally that a reinsurer must follow the underwriting fortunes of its cedant (reinsured) and is thus bound by the claims-handling decisions of its reinsured, provided there is no evidence of fraud, collusion with the insured, or bad faith. It is a burden-shifting doctrine which allows the cedant (reinsured) the freedom of making good-faith claims decisions without the fear of having to relitigate those decisions with its reinsurer. This term is used inter-changeably with "follow-the settlements".
Loss Partipation clause is used in Proportional Reinsurance. It makes liable to the cedant/reinsured to make contribuiton/pratipaiton if loss amount exceed a specified amount as agreed between reinsurer and reinsured in advance.
Louise Cadieux has written: 'Le duo cedant/repreneur' -- subject(s): Chief executive officers, Organizational change, Family-owned business enterprises, Small business, Registration and transfer, Business enterprises
"Le singe cédant français" is a software translation from 'the French surrender monkey'. Very few French have heard of that expression, and those who have mostly consider it as uneducated bullsh*t.
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Risks attaching basisA basis under which reinsurance is provided for claims arising from policies commencing during the period to which the reinsurance relates. The insurer knows there is coverage during the whole policy period even if claims are only discovered or made later on.All claims from cedant underlying policies incepting during the period of the reinsurance contract are covered even if they occur after the expiration date of the reinsurance contract. Any claims from cedant underlying policies incepting outside the period of the reinsurance contract are not covered even if they occur during the period of the reinsurance contract.Losses occurring basisA Reinsurance treaty under which all claims occurring during the period of the contract, irrespective of when the underlying policies incepted, are covered. Any claims occurring after the contract expiration date are not covered. As opposed to claims-made or risks attaching contracts. Insurance coverage is provided for losses occurring in the defined period. This is the usual basis of cover for short tail business.
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'MEANING' in other words can be the 'vocabulary' of a word or the 'essence' of the word as to what the word precisely means. OR meaning is the meaning of meaning what you just said meaning
'MEANING' in other words can be the 'vocabulary' of a word or the 'essence' of the word as to what the word precisely means. OR meaning is the meaning of meaning what you just said meaning
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