Cession definition

Cession means the transfer of a part of the insured risk from an insurance company to a reinsurance company;

Cession means the cession recorded in clause 12;

Cession means a transfer by a policy originating insurer to a reinsurer of the whole or a portion of a single risk, defined policy or defined division of business as set out in a reinsurance contract. [ 1991, c. 828, §20 (NEW) .]

Examples of Cession in a sentence

• Cession and Assignment .......................................................................................................

• Cession and Assignment ........................................................................................................................

• Cession of the ReservationThe principal contractor or the beneficiary is allowed to freely transfer his/her booking to another person who meets the requirements for it, giving written notice 15 days before the scheduled departure date.

• The Commission shall publish the results by Member State of the verifi­ cation of the additionality, including the methodology and sources of information, after the conclusion of each of the three stages of verifi­ cation.

• Reserve Percent Value appears on Coinsurance business only Cession Count Cession count only appears under Life (Base), not benefits.

More Definitions of Cession

Cession means the assignment to another person of the right to file a claim;

Cession means the part of insurance passed to a reinsurer by the insurer which issued a policy to the original insured or part of contract ceded by a reinsurer to a retrocessionaire;

Cession means the cession of that part of the Plant Rental Proceeds comprising the Purchase Price payable by Plant Rental to the Seller in the form of the cession annexed hereto as Appendix “2”;

Cession means a cession of all the Carrier’s right title and interest in and to any insurance claim in respect of Goods conveyed by the carrier on behalf of Orange, a draft copy is annexed hereto marked Annexure “A”

Cession means a cession of a registered lease of immovable property, the unexpired period of which is at the date of cession not less than 30 years;

Cession means the amount of insurance risk transferred to a reinsurer by a ceding company may be the whole or a portion of a single risk;

Cession means a cession in securitatem debiti;