reinsurance

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reinsurance

Managed Care A type of protection purchased by HMOs or providers from insurance companies specializing in underwriting specific risks for a stipulated premium

reinsurance,

n insurance for third-party payers to spread their risk for losses (claims paid) over a specified dollar amount.
References in periodicals archive ?
The rating applies to five inter-company pool members and an affiliate that reinsures with the pool.
of Ohio (Western Reserve) providing WMA Life Insurance Company Limited (WMA Life), a wholly owned subsidiary of WMAC, the right to reinsure certain business sold by sales representatives of World Financial Group, Inc.
Since Forestview no longer reinsures these policies and has no plans to either assume or write additional business in the future, the company has elected to withdraw its 'AA' claims paying ability rating.
The transaction reinsures all losses incurred prior to July 1, 1995 up to a limit of $2 billion.
Asset Guaranty, which is rated AA by Standard & Poor's and AAA by Duff & Phelps, provides financial guaranty insurance and reinsurance, and reinsures and insures other credit-related lines of business.
Bowling reinsures selected layers of general liability, property and workers' compensation insurance for bowling centers in Michigan and other states.