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Insurance

Điều khoản khôi phục

A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.

Quick answer: A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.

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Quick answer

A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.

Why it matters

Điều khoản khôi phục matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Editorial context

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Questions and answers

Questions and answers

What is Điều khoản khôi phục?

In this glossary, Điều khoản khôi phục refers to: A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.

How is Điều khoản khôi phục used in finance?

In finance communication, this term appears in contexts such as: "Hợp đồng tái bảo hiểm bao gồm điều khoản khôi phục cho phép bên nhượng tái khôi phục bảo hiểm sau tổn thất lớn, với phí bổ sung."

Why does Điều khoản khôi phục matter in finance?

Điều khoản khôi phục matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Who uses Điều khoản khôi phục?

Điều khoản khôi phục is mainly used by Financial Analysts, Bankers, and Traders.

What category does Điều khoản khôi phục belong to?

In this glossary, Điều khoản khôi phục is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.

Where does this definition come from?

This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.

Definition

A provision in insurance or reinsurance contracts that specifies the terms under which coverage is restored after a claim payment, typically requiring an additional premium. Most common in catastrophe reinsurance, it allows for the policy limit to be reset following a loss event.

Operational example

The reinsurance agreement included a reinstatement clause allowing the cedant to restore the coverage after a major catastrophe loss, subject to an additional premium.

Localized term

Điều khoản khôi phục

Localized example

Hợp đồng tái bảo hiểm bao gồm điều khoản khôi phục cho phép bên nhượng tái khôi phục bảo hiểm sau tổn thất lớn, với phí bổ sung.

Definition language

English reference definition

Source

CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

Category

Insurance

Exam relevance

  • CFA
  • ACCA
  • FRM

Target audience

  • Financial Analysts
  • Bankers
  • Traders

Related terms

Use the related links below to continue through connected finance terminology.

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