0 insurance bought by an insurance company to protect itself against large demands from its customers: --
Managing agents are not subject to regulation separate from that applied to the reinsurance company or companies they represent.
These will now be complemented by the harmonised supervision of reinsurance.
Risk insurance, reinsurance and producer payments are just one aspect of reducing the risk of running the business we call agricultural production.
I should be the last person to blame anyone for indulging in a little reinsurance of that sort.
I know that exporters are interested in the idea of a rolling programme to allow reinsurance facilities to continue fairly smoothly.
It is really a reinsurance fund which is levied by a flat rate on all contributions.
Subsection (7) states that the levy is to be calculated from a company's net premium after reinsurance premiums have been deducted.
There is no time limit on the other form of reinsurance, which is now called the national interest reinsurance facility.
