पुनःस्थापन खंड क्या है?
पुनःस्थापन खंड A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “पुनःस्थापन खंड” Used in Practice?
पुनःस्थापन खंड के अंतर्गत बड़ी आपदा के बाद अतिरिक्त प्रीमियम देकर कवरेज बहाल की जा सकती है।
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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पुनःस्थापन खंड क्या है?
A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.
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