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retrocession
(redirected from retrocede)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
retrocession /ret·ro·ces·sion/ (-sesh´un) a going backward; backward displacement.
ret·ro·ces·sion (rtr-sshn)
n.
1. A relapse, as of a disease.
2. Cessation of the external symptoms of a disease, followed by signs of involvement of an internal organ or part.
3. Backward displacement of the uterus or other organ.

retrocession [ret″ro-sesh´un]
a going backward; backward displacement.

retrocession
a going backward; backward displacement.


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This will be reduced to 40% in 2010 * Until full 60% cession is accepted, offer must be made to all Local reinsurers before accessing other "admitted" or "eventual" reinsurers * Can retrocede only to reinsurers registered in Brazil.
Subsequent legislation allowed states to retrocede jurisdiction, which has occurred in some areas.
While the total earned premium increased 104%, retained premium increased only 81% due to an agreement to retrocede 100% of its reinsurance business through Hartville Re for new pets issued with an effective date of October 1, 2006 to December 31, 2006.
 
 
 
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