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.
An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Reinsurance is a type of insurance purchased by insurance companies or self-insured employers to protect against unexpected losses. 2  Financial reinsurance is a form of reinsurance that is primarily used for capital management rather than to transfer insurance risk.