Cession defined.
Nev. Rev. Stat. § 681A.300
in effectCession means the unit of insurance passed to a reinsurer by a primary company which issued a policy to the original insured.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-681A.htmlFetched: 10/4/2026