What is the definition of Nonadmitted reinsurance? | Dictionary.net

NONADMITTED REINSURANCE

\nˌɒnɐdmˈɪtɪd ɹˌiːɪnʃˈʊ͡əɹəns], \nˌɒnɐdmˈɪtɪd ɹˌiːɪnʃˈʊ‍əɹəns], \n_ˌɒ_n_ɐ_d_m_ˈɪ_t_ɪ_d ɹ_ˌiː__ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\

Definitions of NONADMITTED REINSURANCE

1910 - Black's Law Dictionary (2nd edition)

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The non credited reinsurance on the ceding company's annual statemenet due to the reinsurer lacking the proper license to conduct business in a certain location.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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