The insurer that CEDEs all or part of the insurance or REINSURANCE risk it has written to another insurer/REINSURER. Also CEDING COMPANY, CEDENT, CEDING INSURER, REINSURED and REASSURED.
Insurer who takes the first element of the risk
The insurance company which is deemed to be the first company responsible for payment of claims. p 176
The insurance carrier of the active employee is the primary insurer. The primary insurer for children, when covered under two plans, is with the parent whose birth date occurs first within the year.
Company that assumes risks in return for an insurance premium and maintains a direct contractual relationship with the policyholder (private individual, corporation, organization).
The company that originates business, i.e., the ceding company.
An insurer that directly assumes liabilities by issuing an insurance policy to the insured.