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.
The reinsurance contract may oblige the reinsurer to accept reinsurance of all contracts within the scope (known as obligatory reinsurance), or it may allow the insurer to choose which risks it wants to cede, with the reinsurer obliged to accept such risks (known as facultative-obligatory reinsurance). There are two main types of treaty reinsurance: 1  Proportional : Under proportional reinsurance, the reinsurer's share of the risk is defined for each separate policy. 2  Non-Proportional : The reinsurer's liability is based on the aggregate claims incurred by the ceding office.