reinsurer
Defined in 1 place of the United States Code.
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.
Source
- 2010–present15 U.S.C. § 8223Commerce and Trade · Definitions · for purposes of this subchapter