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.
Most employers that offer self-funded plans purchase reinsurance to cover large losses. Reinsurance is an insurance policy that kicks in after a self-funded plan has paid a certain amount for a claim or has paid a certain aggregate amount for all employees.