Home page   Azerbaijan     Search for:       Glossary - D DEFICIT CLAUSE A clause providing for the carry-forward or transfer of losses under a reinsurance contract from one accounting period to another and for their being set off against the next period�s profit. DEPOSIT PREMIUM (PROVISIONAL PREMIUM) A premium that is payable at the inception of a reinsurance contract and in respect of which an adjustment premium is due at an agreed later date. Minimum deposit premium is a minimum premium paid under excess-of-loss reinsurance contracts. DEPOSITS RETAINED BY A CEDANT (RESERVES) Amounts due to reinsurers under a reinsurance contract, but retained by a cedant to secure payments by reinsurers. Direct insurer (also: primary insurer) company which accepts risks in exchange for an insurance premium and which has a direct contractual relationship with the policyholder (private individual, company, organisation).   A  B  C  D  E  F  G  H  I  J  K  L  M N  O  P  Q  R  S  T  U  V  W  X  Y  Z   Reinsurance at a glance   Proportional reinsurance   Non-Proportional reinsurance   Facultative reinsurance   Treaty reinsurance   Stop Loss Reinsurance   Azerbaijan Insurance Market Analyze   |   Home page   |    Career   |   Map  |    Write an e-mail   | Copyright © AzRe 2008