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Banking Plan
An agreement whereby the ceding company pays the reinsurer a premium over a specified number of years to fully fund a specific limit of liability. If the premium is not fully used in loss payments within the contract period the unused portion is returnable, less a reinsurance expense.
Insurance Industry News from ProgramBusiness.com
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Storefront owner AMS Services is dedicated to helping independent insurance agencies achieve maximum performance and operational efficiency. The business offers a comprehensive, insurance-specific solution for managing critical business activities, including agency management, rating, benefits, performance management and carrier connectivity. With more than 150,000 users in over 15,000 agencies, as well as 600 carrier partners, AMS Services is a proven market leader providing the strategy and scalability to help independent agencies excel now and in the future.
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For more information, visit their storefront at www.programbusiness.com.
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