A fee paid by a reinsurance company to the original issuer of a policy or group of policies being ceded to the reinsurer. This commission covers the cedent's business and administrative costs for issuing the policy (such as the costs of overhead, licenses, etc.). A percentage of the profits from the premiums collected are also included in the ceding commission.
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Definition of ceding commission: A fee paid by a reinsurance company to the original issuer of a policy or group of policies being ceded to the reinsurer.
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Ceding Commission - The cedant's acquisition costs and overhead expenses, taxes, licenses and fees, plus a fee representing a share of expected profits ...
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usually pays the primary insurer a ceding commission for the loss exposures ceded. The ceding commission reimburses the primary insurer for policy acquisition ...
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Nov 22, 2011 ... General insurance companies not to be paid ceding commission.
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Ceding Commission: An amount paid by a reinsurer to the ceding company to ... Usually a ceding commission also provides profit to the ceding company and is ...