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What is the Definition of Primary Company?

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What is the Definition of Primary Company?

In a reinsurance transaction, the insurance company that is reinsured.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Primary Company?

You can find random definition and meaning of insurance terms below:

What is the meaning of Primary driver

The person who drives the vehicle most often. Also referred to as the principal driver.

What is the meaning of Primary use (auto)

This is the vehicle's typical use. "Work" refers to a vehicle that is primarily used for commuting to and from work or school. "Pleasure" refers to a vehicle primarily used for personal errands, trips or vacations.

What is the meaning of Property

Anything that has value. There are two types: real property and personal property.

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