Glossary entry (derived from question below)
English term or phrase:
binding authority, lineslip or similar facility
Spanish translation:
autoridad vinculante, acuerdo de delegación de autoridad o alguna facilidad similar
Added to glossary by
Yvonne Becker
Aug 20, 2005 19:35
18 yrs ago
19 viewers *
English term
Also an Engineer
Native in: Spanish (Variant: Venezuelan)
Works in: English to Spanish, Spanish to English, Spanish
binding authority, lineslip or similar facility
English to Spanish
Bus/Financial
Insurance
En un documento sobre una sociedad de corretaje de seguros:
"As an insurance intermediary, we normally act for you; and we arrange insurance with leading insurers and recommend one or more from a limited range, according to the nature of the product required. However for some insurance products, insurers granted us a binding authority or similar facility to accept business on their behalf. Further, we may arrange lineslips, which enable an (re)insurer to bind business for itself and other (re)insurers. We may place your (re)insurance business under a **Binding Authority, Lineslip or similar facility** where we reasonably consider these match your (re)insurance requirements/instructions..."
"As an insurance intermediary, we normally act for you; and we arrange insurance with leading insurers and recommend one or more from a limited range, according to the nature of the product required. However for some insurance products, insurers granted us a binding authority or similar facility to accept business on their behalf. Further, we may arrange lineslips, which enable an (re)insurer to bind business for itself and other (re)insurers. We may place your (re)insurance business under a **Binding Authority, Lineslip or similar facility** where we reasonably consider these match your (re)insurance requirements/instructions..."
Proposed translations
(Spanish)
| 3 | autoridad obligatoria... |
cmwilliams (X)
|
Proposed translations
3 hrs
Selected
autoridad obligatoria...
Ref: Eurodic.
Insurance (AS)
EN
Definition the authority given by an insurer or a reinsurer enabling an agent to accept risks on the insurer's behalf
Reference Gerling Konzern
(1)
TERM binding authority
Reference Gerling Konzern
Note {DOM} reinsurance
EN
(1)
TERM autoridad obligatoria
Reference Diccionario de Economía y Empresa, Lozano Irueste, Madrid, 1989
Note {DOM} reaseguro
----
I'm not sure if there is a standard translation for lineslip. It might be better to leave it in English with an explanation. It's possible that the English term is also used in Spanish.
LINESLIP An agreement for insurance or reinsurance made between underwriters and a broker whereby an Underwriter delegates underwriting authority to the LEADING UNDERWRITER of the lineslip.
http://www.re-eval.co.uk/glossaryl.htm
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Note added at 2 days 2 hrs 19 mins (2005-08-22 21:55:13 GMT)
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In this site they use the term 'autoridad vinculante' for binding authority. See bottom of page 32
Una causa usual es la delegación de la autoridad de suscripción me-. diante una
autoridad vinculante o lineslip, oa través de los servicios de una ...
www.swissre.com/INTERNET/pwsfilpr.nsf/vwFilebyIDKEYLu/WWIN-...$FILE/runoff_sp.Paras.0005.File.pdf
Insurance (AS)
EN
Definition the authority given by an insurer or a reinsurer enabling an agent to accept risks on the insurer's behalf
Reference Gerling Konzern
(1)
TERM binding authority
Reference Gerling Konzern
Note {DOM} reinsurance
EN
(1)
TERM autoridad obligatoria
Reference Diccionario de Economía y Empresa, Lozano Irueste, Madrid, 1989
Note {DOM} reaseguro
----
I'm not sure if there is a standard translation for lineslip. It might be better to leave it in English with an explanation. It's possible that the English term is also used in Spanish.
LINESLIP An agreement for insurance or reinsurance made between underwriters and a broker whereby an Underwriter delegates underwriting authority to the LEADING UNDERWRITER of the lineslip.
http://www.re-eval.co.uk/glossaryl.htm
--------------------------------------------------
Note added at 2 days 2 hrs 19 mins (2005-08-22 21:55:13 GMT)
--------------------------------------------------
In this site they use the term 'autoridad vinculante' for binding authority. See bottom of page 32
Una causa usual es la delegación de la autoridad de suscripción me-. diante una
autoridad vinculante o lineslip, oa través de los servicios de una ...
www.swissre.com/INTERNET/pwsfilpr.nsf/vwFilebyIDKEYLu/WWIN-...$FILE/runoff_sp.Paras.0005.File.pdf
4 KudoZ points awarded for this answer.
Comment: "Gracias, tu referencia fue muy útil"
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