Section 3901.61 | Credit for reinsurance ceded definitions.
June 29, 1994
House Bill 89 - 120th General Assembly
(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.
Available Versions of this Section
- June 29, 1994 – House Bill 89, 120th General Assembly [ View June 29, 1994 Version ]