[R038]
1) With respect to an individual account, insurer, or a book of business, it is the amount a reinsurer has available to commit to that risk, that insurer, or that book of business.
2) On a broader scale, this term is also used to express the total amount available in the national or worldwide basis for reinsurance offerings.
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100