17B:18-62 - "Reinsurance"Ā defined
17B:18-62. "Reinsurance"Ā defined
"Reinsurance"Ā is a contract under which an originating insurer, called the "ceding insurer" , procures insurance for itself in another insurer, calledĀ theĀ "assuming insurer,"Ā with respect to part or all of an insurance risk ofĀ the originating insurer.
L.1971, c. 144, s. 17B:18-62.
Ā
"Reinsurance"Ā is a contract under which an originating insurer, called the "ceding insurer" , procures insurance for itself in another insurer, calledĀ theĀ "assuming insurer,"Ā with respect to part or all of an insurance risk ofĀ the originating insurer.
L.1971, c. 144, s. 17B:18-62.
Ā