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retrocede |
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cede 100% of their premiums to Donegal Mutual, which then retrocedes the business back to the respective companies. The company cedes 100% of its direct written premium to its parent, which then retrocedes back to the company 55% of the automobile business and 100% of all other lines except workers' compensation and umbrella coverage. The rating is based on an interaffiliate pooling arrangement, in which Millers Casualty cedes 100% of its direct written premiums, losses, and loss adjustment expenses, excluding Florida homeowners, to Millers Insurance, which then retrocedes 14. |
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