Each year, the Reinsurance Association of America (RAA) receives
countless inquiries regarding the mechanisms and technicalities of
the reinsurance business. This publication should answer many of
those questions. First published in 1972, this booklet reflects the
efforts and input of several of the most experienced reinsurance
terminology experts in the industry. It is only through their
efforts that we are able to produce such a complete and accurate
publication, and we thank them for their time, patience and
willingness to contribute. As in the case of previous editions, the
RAA is publishing this booklet in the belief that it will be both
an informative educational tool and a convenient reference for
practitioners. While we have attempted to ensure that definitions
reflect current industry practices, we do not suggest that it be
considered authoritative for the resolution of legal disputes.
General
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