As used in reinsurance, any excess of charges over credits at the end of any accounting period (which excess shall be a charge in the computation of the contingent commission for the succeeding period, or in computing various experience rated reinsurance arrangements).

1) In reinsurance, a reinsurer which negotiates with a ceding company without benefit of an intermediary or broker.

2) In insurance, a primary insurer that sells insurance through licensed agents who produce business essentially for no one else.

The gross premium income (written instead of earned) of a primary company, adjusted for additional or return premiums but before deducting any premiums for reinsurance ceded and not including any premiums for reinsurance assumed.

An insurer conducting business in its domiciliary state from which it received its charter to write insurance (as opposed to a foreign company: an insurer conducting business in a state other than its domiciliary state; or an alien company: one domiciled outside the U.S. but conducting business within the U.S.).