retrocession
noun
ret·ro·ces·sion
ˈre-trə-ˌse-shən
1
: the return of title to property to its former or true owner
specifically, in the civil law of Louisiana
: the return to a decedent's heirs of property of the decedent that had been sold or assigned by coheirs
Note: An heir's right to retrocession has been repealed.
2
: the act of ceding back something (as jurisdiction)
3
a
: the process by which all or part of the risks assumed in an insurance contract are reassigned or ceded by a reinsurer to another insurance company
b
: the amount reassigned or ceded
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Merriam-Webster unabridged
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