Life Insurance Demystified

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Monday, December 28, 2009

Life Insurance Glossary - Q

Quota Share Reinsurance
It is an automatic reinsurance, whereby the ceding company is bound to cede a fixed percentage of every risk written by it irrespective of the size or quality of the risk.

Quote
An estimate of the cost of insurance, based on information supplied to the insurance company by the applicant.


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Posted by Ojal Suthar on Monday, December 28, 2009
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