For Commutation Clause we have a term and definition in Reinsurance.

Commutation Clause (Reinsurance)

A clause in a reinsurance agreement, which provides for estimation, payment and complete discharge of all future obligations for reinsurance losses incurred regardless of the continuing nature of certain losses such as unlimited medical and lifetime benefits for Workers’ Compensation.

Similar

Browse words that start with:

• Co
• Com
• Comm
• Commu

Browse All Terms by First Letter

Term Search