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Ohio Rev. Code Ann. § 3901.61 – Credit for reinsurance ceded definitions | Midpage
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Ohio Revised Code
Title 39
Chapter 3901
§ 3901.61
Ohio Rev. Code Ann. § 3901.61
Credit for reinsurance ceded definitions
Effective Jun 29, 1994
House Bill 89 - 120th General Assembly
As used in sections
3901.61
to
3901.65
of te Revised Code:
(A) "Assuming insurer" means an insurance company that accepts all or part of the risk underwritten by a ceding insurer.
(B) "Ceding insurer" means an insurance company that transfers all or part of the risk it underwrites to an assuming insurer.