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.
Admitted Reinsurance (Authorized Reinsurance) Reinsurance for which credit is given for the unearned premiums and unpaid claims in a ceding companyâs Annual Statement because the reinsurance is placed in an admitted reinsurance company and is licensed to transact business in the jurisdiction in question.age 1 of 18 GLOSSARY OF REINSURANCE TERMINOLOGY Term Definition Accident Year Experience Reinsurance experience calculated by matching the total value of all losses occurring during a 12-month period with premiums earned for the same period.