The amount of energy required to cause a chemical reaction;specifically the energy required to reach the transition state. active site The location on an enzyme where substrates bind and react.
Reinsurance Glossary. Accredited Reinsurer â A reinsurer that is not licensed in a state but demonstrates that it meets the financial conditions of the state, is licensed in at least one state, and submits to the state and allows its books and records to be examined.
â¢Gain Underwriting and Claims Assistance â¢Obtain Relief for Catastrophic Storm Event What is Reinsurance? Insurance â¢ Contract between company and individual or entity â¢ Insurer deals with policyholder â¢ Subject matter: Property, Person, Benefit or Legal Liability â¢ Highly regulated â¢ Many small claims constitute bulk of reserves and payments â¢ Fast loss development Reinsurance â¢ Contract between two companies; sophisticated purchasers â¢ Reinsurer deals with cedent â¢ Subject matter: Defined portion of insurerâs contractual liability â¢ Not highly regulated â¢ Few large claims constitute bulk of reserves and payments