Assumption reinsurance.

Assumption reinsurance. For purposes of paragraph (k) of this section, the term assumption reinsurance means reinsurance for which there is a novation and the reinsurer takes over the entire risk of loss pursuant to a new contract.
For purposes ofparagraph (k)of this section, the termassumption reinsurancemeans reinsurance for which there is a novation and the reinsurer takes over the entire risk of loss pursuant to a new contract.

Source

26 CFR § 57.2

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Scoping language

In general. This section explains the terms used in this part 57 for purposes of the fee.

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