Bordereau
Definition of "Bordereau"
Form of reinsurance that shows loss history and premium history with respect to specific risks. The ceding company provides its re-insurer with mat information. This information is used by the reinsurance company in establishing the reinsurance premium rates.
Popular Insurance Terms
Section of the insurance company that administers claims for the losses incurred by the insured. ...
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Procedure under which the ceding company (the primary or fronting company) cedes the risk it has underwritten to its reinsurer with the ceding company retaining none or a very small portion ...
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Estimate of maximum dollar value that can be lost under realistic situations. For example, a fire or other peril occurs, but a sprinkler system works and a fire department responds in good ...
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Written contract between an insured and an insurance company stating the obligations and responsibilities of each party. ...
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