Q. When a reinsured goes into liquidation, what liability does the reinsurer have?

View solution

Q. What is the subject matter of the reinsurance contract?

View solution

Q. What is the implication if there is no property matching the description in the original policy?

View solution

Q. Why has reinsurance tended to escape legislators' attention in the past?

View solution

Q. In case of treaty reinsurance, what is the signing rule for a reinsurance contract?

View solution

Q. What are treaty wordings in reinsurance contracts?

View solution

Q. What do treaty wordings describe in reinsurance contracts?

View solution

Q. Is there a standard wording for reinsurance contracts?

View solution

Q. What is the purpose of general conditions in treaty wordings?

View solution

Q. How do treaty wordings differ for proportional and non-proportional forms of reinsurance?

View solution

Q. _____________ are reinsurance agreements entered into in writing between the ceding insurer and his reinsurer and embody the terms and conditions of the treaty as agreed between these two parties.

View solution

Q. Which form of reinsurance contract wordings is commonly used?

View solution

Q. What do reinsurance contract wordings incorporate?

View solution

Q. What does each clause in reinsurance contract wordings express?

View solution

Q. Why may the text of a clause vary from contract to contract?

View solution

Q. What is important in understanding a clause in a reinsurance contract?

View solution

Q. Which clause in a reinsurance contract describes the business coming within the scope of the contract?

View solution

Q. What does the operative clause of a reinsurance contract emphasize?

View solution

Q. What is mentioned in the operative clause regarding the method of cession?What does the territorial scope in the operative clause refer to?

View solution

Q. What is mentioned in the operative clause regarding the method of cession?

View solution