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Acuerdo de conmutacion

English translation: Commutation Agreement

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03:41 Jul 17, 2001
Spanish to English translations [PRO]
Bus/Financial
Spanish term or phrase: Acuerdo de conmutacion
Hi Proz,
Am I right in saying Commutation Agreement which is where an insurance company transfers all of its' liabilities (claims etc,) to another company!
Thanks
Jenette
Jenette Holyoak
United Kingdom
Local time: 07:25
English translation:Commutation Agreement
Explanation:
An agreement between the ceding insurer and the reinsurer that provides for the valuation, payment and complete discharge of all obligations between the parties.

HTH
Claire
Selected response from:

Agius Language & Translation
United Kingdom
Local time: 07:25
Grading comment
Many thanks!
4 KudoZ points were awarded for this answer

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Summary of answers provided
naCommutation AgreementAgius Language & Translation


  

Answers


13 mins
Commutation Agreement


Explanation:
An agreement between the ceding insurer and the reinsurer that provides for the valuation, payment and complete discharge of all obligations between the parties.

HTH
Claire


    Reference: http://www.google.com
Agius Language & Translation
United Kingdom
Local time: 07:25
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 12
Grading comment
Many thanks!
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