reinsurer
Defined in 2 dictionaries — Case Law, U.S. Code
Definitions from Case Law
From 269 U.S. 118 - Hicks v. Poe · 1925Most cited · 19 citing opinions
The liability of a reinsurer is not affected by the insolvency of the reinsured company or the inability of the latter to fulfill its own contracts with the original insured.
United States Code
15 U.S.C. § 8223 — for purposes of this subchapter
The term “reinsurer” means an insurer to the extent that the insurer—
(i) is principally engaged in the business of reinsurance;
(ii) does not conduct significant amounts of direct insurance as a percentage of its net premiums; and
(iii) is not engaged in an ongoing basis in the business of soliciting direct insurance.