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Automatic Reinsurance
(redirected from Obligatory Reinsurance)

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Automatic Reinsurance
An agreement between an insurer and a reinsurer in which the reinsurer takes over the risk for a certain class of policies from the insurer. See also: Reinsurance.


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Furthermore, both companies have a facultative obligatory reinsurance facility under which MSI agrees to reinsure all new exposures when MS Frontier's annual aggregate probable maximum retained loss amount, with a specified non-exceedance probability, exceeds a specific level of total adjusted stockholders' equity.
Furthermore, both companies have a facultative obligatory reinsurance facility under which MSI agrees to reinsure all new exposures when MS Frontier's annual aggregate probable maximum retained loss amount, with a specified non-exceedance probability, exceeds a specific level of total adjusted stockholders' equity.
Furthermore, both companies have a facultative obligatory reinsurance facility under which MSI agrees to reinsure all new exposures when MS Frontier's annual aggregate probable maximum loss amount, with a specified non-exceedance probability, exceeds a specific level of total adjusted stockholders' equity.
 
 
 
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