WebForming the superficial part; external; exterior; -- opposed to {inward}; as, an outward garment or layer. [1913 Webster] Though our outward man perish, yet the inward man is renewed day by day. --Cor. iv. 16. [1913 Webster] 2. Of or pertaining to the outer surface or to what is external; manifest; public. Weboutward remittances except one payment of Rs.45,55,87,765/- made to Swiss Reinsurance Co. Ltd., The ld. AO observed that the remaining reinsurance premium paid in the sum of Rs.635,57,94,411/- was liable for ... (7 of 1913), as defined by sub -section (2) of section 2 of that Act, and (c) any perso n who in India has a standing contract with ...
Consumer Glossary State Farm Mut. Auto. Ins. Co. v. Grace
Webconducting reinsurance business offshore, and there are often cost savings in doing so. In fact, most of the large reinsurers have their own offshore companies, and much of the … WebAn agreement to indemnify a primary insurer by a reinsurer in consideration of a premium with respect to agreed risks insured by the primary insurer. The enterprise accepting the … text now passwords
outward reinsurance - Definition and translations of outward ...
WebMay 31, 2024 · What is Outward Reinsurance? ... Facultative reinsurance is a form of reinsurance in which the terms, conditions, and reinsurance premium is individually negotiated between the insurer and the ... WebJan 18, 2024 · For example, if the XL treaty is for period 01/01/2024 to 31/12/2024 on Loss occurring basis, the outward contract will technically cover all the losses occurring during 2024 irrespective of ... Webreinsurance programme which has been commuted and the effect of inwards commutations on reinsurance recoveries will need to be considered carefully both at the time of the commutation and in subsequent reserving exercises. 4. Consideration will also need to be given to any commutations which have an option to reopen. swtor grade 8 materials