A type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance.
A person who holds something in trust for another.
F.O.R. Free on Rail
Same as F.O.D. contract.
A combustion accompanied by a flame or glow, which escapes its normal limits to cause damage.
First party claim
A demand made by a policyholder reporting an insured event directly to his company.