Where is surrender

The information may be of crit. When an insurance company enters into a reinsurance contract with another insurance company, then the same is called treaty reinsurance. Description: In the case of treaty reinsurance, the company that sells the insurance policies to another insurance company is called ceding company.

Reinsurance frees up the capital of the ceding company and helps augment the solvency margin. It also enables. First time default on premium payments by a policy holder is termed as First Unpaid Premium. Description: With each premium payment a receipt is issued which indicates the next due date of premium payment. If the premium is not paid, this date becomes the date of first unpaid premium. Embedded value is the sum of the net asset value and present value of future profits of a life insurance company.

Description: This measure considers future profits from existing business only, and ignores the possibility of introduction of new policies and hence profits from those are not taken into account. Indemnity means making compensation payments to one party by the other for the loss occurred. Description: Indemnity is based on a mutual contract between two parties one insured and the other insurer where one promises the other to compensate for the loss against payment of premiums.

The practice of deferring the outlays incurred in the acquisition of new business over the term of the insurance contract is called deferred acquisition cost. Description: Acquisition costs are the direct and indirect variable outlays incurred by an insurer at the time of selling or underwriting an insurance contract both new and renewal.

The costs may be in the form of brokerage, underwrit. Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance. Nglish: Translation of surrender for Spanish Speakers.

Britannica English: Translation of surrender for Arabic Speakers. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Log in Sign Up. Save Word. Definition of surrender Entry 1 of 2. Definition of surrender Entry 2 of 2. Synonyms for surrender Synonyms: Verb cede , cough up , deliver , give up , hand over , lay down , relinquish , render , turn in , turn over , yield Synonyms: Noun capitulating , capitulation , cession , handover , relinquishment , rendition , submission , submitting Visit the Thesaurus for More.

Choose the Right Synonym for surrender Verb relinquish , yield , resign , surrender , abandon , waive mean to give up completely. Examples of surrender in a Sentence Verb The enemy finally surrendered after three days of fighting. The gunman surrendered and was taken into custody. The troops were forced to surrender the fort. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage.

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