Commutation Agreement – Perjanjian Komutasi

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Commutation Agreement — an agreement between a ceding insurer and the reinsurer that provides for the valuation, payment, and complete discharge of all obligations between the parties under a particular reinsurance contract. Used if an insurer is withdrawing from underwriting a class of business.

 

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Perjanjian Komutasi — suatu perjanjian antara asuransi dan reasuransi yang menetapkan penilaian, pembayaran, dan pelepasan penuh semua kewajiban antara para pihak berdasarkan kontrak reasuransi tertentu. Digunakan jika perusahaan asuransi menarik diri dari penutupan sebuah kelas bisnis.

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