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Effective on or after June 1, 2008, Freddie Mac-approved private mortgage insurers may not cede new risk if the gross risk or gross premium ceded to captive reinsurers is greater than 25 percent.
Perhaps the reason the annex writers didn't bother drawing up penalties or enforcement procedures is because they know such regulations would be a waste of time, since the annex cedes authority over the lakes to the WTO.
Let me have them, and I'll cede you 50 acres of Central Park.
SBLI of MA cedes only the portion of the policy not covered by third-party reinsurance to SBLI Re.
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- ceded to one
- ceded to them
- ceded to us
- ceded to you