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20:41 Feb 21, 2006
English to Spanish translations [Non-PRO] Insurance
English term or phrase:run-off basis
Termination of this Contract shall be on a run-off basis and the Reinsurer shall remain liable as respects Original Policies in-force at the date of termination for losses occurring subsequent thereto
Explanation: El término run-off referencia al seguimiento en el tiempo de los resultados y la siniestralidad de un contrato o cartera cancelados. Se utiliza en inglés entre comillas.
(Diccionario Mapfre de Seguros)
Run-off = a liability remaining to be met after termination of the insurance