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

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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.

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

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Q. What do reinsurance contract wordings incorporate?

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

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

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

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

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

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

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

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Q. What does the insurer have the authority to determine in the operative clause?

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Q. When does a reinsurance agreement typically commence?

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Q. How long does an annual reinsurance contract typically last?

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Q. What is required to terminate a reinsurance agreement?

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Q. Under what circumstances can a reinsurance agreement be automatically terminated?

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Q. In what situation can the insurer terminate the agreement without notice?

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Q. Under what circumstances can either party terminate the agreement immediately?

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Q. Where should notices of termination be addressed?

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Q. Under what circumstances can the insurer make the termination effective retroactively?

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