Definitions for "Quota Share"
Keywords:  reinsurer, rata, pro, lloyd, ceding
(Also known as "Contributing Excess") A variation of the Pro Rata reinsurance basis, whereby insurer and reinsurer(s) share all premiums and losses according to a fixed percentage(s) expressed in the Declarations.
The basic form of pro-rata reinsurance whereby the reinsurer accepts a stated percentage of each and every risk within a defined category of business. The participation in each risk is fixed and certain.
Reinsurance on a percentage basis of a fixed share of all risks