[DOWNLOAD] "Prudential Reinsurance Co. V. Superior Court Of Los Angeles County" by Supreme Court Of California # eBook PDF Kindle ePub Free

eBook details

Title: Prudential Reinsurance Co. V. Superior Court Of Los Angeles County
Author : Supreme Court Of California
Release Date : January 30, 1992
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 120 KB

Description

Insurance Code section 620 (all further statutory references are to this code unless otherwise stated) defines a reinsurance contract as "one by which an insurer procures a third person to insure him against loss or liability by reason of such original insurance." Typically, under a reinsurance contract, the primary insurer "cedes" a portion of the premiums for its policies, and the losses on those policies, to the reinsurer.