Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Certificate of Assumption

In terms of assumption reinsurance, this is a certificate sent to each 'transferor of risk' or 'ceding company' to give the policy owner notice that: (1) the risk had been assumed, and (2) pertinent information about the new insurer, assuming company, or the REINSURER.

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Certain Payment

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Certificate of Authority

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