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American Conference Institute s 8th International Advanced Forum on Run-Off and Commutations Expert Strategies and Key Insights for Achieving Finality and Pro ability in the Run-Off Market A p r i
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Reinsurance commutation is a process of terminating or settling reinsurance contracts before their original expiration date.
Reinsurance commutation is typically filed by insurers or reinsurers who want to terminate or settle their reinsurance contracts.
To fill out reinsurance commutation, insurers or reinsurers need to provide details of the reinsurance contracts they wish to terminate or settle, including contract information, claims information, and any applicable settlement terms.
The purpose of reinsurance commutation is to allow insurers or reinsurers to terminate or settle existing reinsurance contracts in order to free up capital or reduce their exposure to certain risks.
The information reported on reinsurance commutation typically includes contract details such as contract numbers, effective dates, policy limits, and other relevant terms, as well as information on claims and any proposed settlement terms.
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