Insurance
Reinsurance Premium Ceded to Reinsurer
Ceding a proportional share of risk and premium to a treaty reinsurer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Reinsurance Premium Ceded (Expense) | Expense (+) | 240.00 | - |
| Reinsurance Payable | Liability (+) | - | 240.00 |
💡 Accountant's Note
Ceded reinsurance transfers risk but is shown gross — the ceded premium is an expense (reducing net premium income) and a matching UPR ceded asset is created. Netting is not permitted under IFRS 4/17.
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