Jul 17, 2001 03:41
22 yrs ago
4 viewers *
español term

Acuerdo de conmutacion

español al inglés Negocios/Finanzas
Hi Proz,
Am I right in saying Commutation Agreement which is where an insurance company transfers all of its' liabilities (claims etc,) to another company!
Thanks
Jenette
Proposed translations (inglés)
0 Commutation Agreement

Proposed translations

13 minutos
Selected

Commutation Agreement

An agreement between the ceding insurer and the reinsurer that provides for the valuation, payment and complete discharge of all obligations between the parties.

HTH
Claire
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4 KudoZ points awarded for this answer. Comment: "Many thanks!"
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