reinsurance treaty, automatic

  • An agreement between insurance companies, about the same as under Reinsurance Treaties explained above, except the risks are automatically reinsured, subject to the conditions specified in the reinsurance contract.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).