Word forms: (regular plural) cedants
nounWord builderThe suffix -ant often appears in words connected with doing something or causing something. (Insurance: Reinsurance)
is the person or company
that cedes business
to another person or company.
A reinsurer may agree to deposit a proportion of the reinsurance premium as a reserve
for unearned premiums, which is then set aside by the cedant for future liabilities. The cedant is paid a predetermined percentage of the profit realized by the reinsurer on the
business ceded. The cedant is the person or company that cedes business to another person or company.
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