The effect of substrate concentration on the rate of enzyme-controlled reactions Remember that in biology or biochemistry, the reactant in an enzyme reaction is known as the substrate. What follows is a very brief and simple look at a very complicated topic.
A reinsurance contract is a contract of indemnity, meaning that it becomes effective only when the insurance company has made a payment to the original policyholder. Reinsurance provides a way for the insurance company to protect itself from financial disaster and ruin by passing on the risk to other companies.
Ownership of a Reinsurance Company is a way to keep a greater share of the profits that vehicle service contract business produces. The dealer cost of a service contract, without a Reinsurance Company, is an expense to the Dealer. With a Reinsurance Company, a large portion of the premium is placed into your Reinsurance Company. With claims cost averaging 50%, this will leave your Reinsurance Company a substantial underwriting profit, as well as investment income potential and additional tax savings.