Aug 21, 2008 13:03
15 yrs ago
3 viewers *
English term
commutation
English to Polish
Law/Patents
Insurance
reasekuracja
On DDDD, XXX exercised its right to commute the YYYY (reinsurance company) corporate insurance cover, as it had determined that based on projected payout patterns and other financial considerations, the YYY corporate insurance cover no longer provided it with a commercial or economic advantage.
(...)
By virtue of the commutation, the $000000 of funds withheld in trust under the YYYY corporate insurance cover were paid to ZZZ.
Chodzi o branże reasekuracyjną.
definicje sieciowe:
Agreement to swap future insurer claims liabilities into a cash payment to the buyer
www.artemis.bm/glossary/
A commutation is a settlement of a claim, a group of claims or all claims current or contingent. The term is used more in a reinsurance context and often applies to all claims that two insurers have against each other.
www.risk-resolutions.com/index.php
A clause in a reinsurance agreement, which provides for estimation, payment and complete discharge of all future obligations for reinsurance losses incurred regardless of the continuing nature of certain losses
www.meimandins.com/Terminology.htm
(...)
By virtue of the commutation, the $000000 of funds withheld in trust under the YYYY corporate insurance cover were paid to ZZZ.
Chodzi o branże reasekuracyjną.
definicje sieciowe:
Agreement to swap future insurer claims liabilities into a cash payment to the buyer
www.artemis.bm/glossary/
A commutation is a settlement of a claim, a group of claims or all claims current or contingent. The term is used more in a reinsurance context and often applies to all claims that two insurers have against each other.
www.risk-resolutions.com/index.php
A clause in a reinsurance agreement, which provides for estimation, payment and complete discharge of all future obligations for reinsurance losses incurred regardless of the continuing nature of certain losses
www.meimandins.com/Terminology.htm
Proposed translations
(Polish)
3 | przeliczenie | Amela |
Proposed translations
57 mins
Selected
przeliczenie
za słownikiem finansów i ubezpieczeń, J.Wróblewska, B.Hadyniak
2 KudoZ points awarded for this answer.
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