Reinsurance Agreement [Banks & Banking] Law and Legal Definition
Pursuant to 12 USCS § 1715z-22a (3) [Title 12. Banks and Banking; Chapter 13. National Housing; Mortgage Insurance], the term reinsurance agreement means “a contractual obligation under which the Secretary, in exchange for appropriate compensation, agrees to assume a specified portion of the risk of loss that a lender or other party has previously assumed with respect to a mortgage on a multifamily housing property.”
Legal Definition list
- Reinsurance Agreement [Banks & Banking]
- Reinsurance
- Reinstatement Period
- Reinstatement of Policy Provision
- Reinstatement (Immigration)
- Reinsurance Intermediary
- Reinsurance Recoverables to Policyholder Surplus
- Reinsurance Reserve
- Reinvested Earnings and Undistributed Branch Profits
- Reinvested Earnings of Indirectly Owned Direct Investment Enterprises
- Reissue of a Bond
