risk retention

risk retention
An alternative term for *risk acceptance.

Auditor's dictionary. 2014.

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  • retention — re·ten·tion /ri ten chən/ n 1: the act of retaining or the state of being retained 2: the portion of the insurance on a particular risk not reinsured or ceded by the originating insurer Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

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  • Terrorism Risk Insurance Act — The Terrorism Risk Insurance Act (TRIA) is a United States federal law signed into law by President George W. Bush on November 26, 2002. The Act created a federal backstop for insurance claims related to acts of terrorism. The Act is intended as… …   Wikipedia

  • Underlying Retention — The net amount of risk or liability arising from an insurance policy (or policies) that is retained by a ceding company after reinsuring the balance amount of the risk or liability. The degree of underlying retention will vary depending on the… …   Investment dictionary

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  • Title retention clause — A retention of title clause (also called a Romalpa clause in some jurisdictions [Named after the decision in Aluminium Industrie v Romalpa [1976] 1 WLR 676] ) is a provision in a contract for the sale of goods that the title to the goods remains… …   Wikipedia

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  • Finite Risk insurance — is the term applied within the insurance industry to describe an Alternative Risk Transfer product that is typically a multi year insurance contract where the insurer bears limited underwriting, credit, investment and timing risk. The assessment… …   Wikipedia

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