Premium Portfolio Withdrawal

What is Premium Portfolio Withdrawal?

Premium Portfolio Withdrawal is At the end of a reinsurance period, or at the cancellation of the reinsurance contract, the reinsurer can be relieved of responsibility for risks which are still in force at that time, by paying to the reinsured a premium which represents the unearned exposure. The reinsurer then relieved of any liability for claims occurring after that date.

 

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