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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Q. What is the purpose of the "notice of cancellation at anniversary date" provision?

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Q. When does the provision of "notice of cancellation at anniversary date" typically apply?

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Q. What does the reinsurer continue to do during the term of notice of cancellation?

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Q. What is the purpose of sending a "Provisional Notice of Cancellation" (PNC) by reinsurers?

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Q. What action should a reinsurer take if they decide to continue the contract after sending a provisional notice of cancellation?

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

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Q. What is the purpose of a "Sudden Death Clause" in a reinsurance contract?

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Q. Under what circumstances can the reinsurance agreement be altered?

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Q. What is the purpose of the "Insolvency of other reinsurers" clause in a reinsurance agreement?

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Q. What is the purpose of the "Access to records: Inspection by reinsurer" clause in a reinsurance agreement?

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Q. When can the reinsurer's right to inspect records be restricted to an appointed representative?

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Q. What is the purpose of the "Errors & omissions" clause in a reinsurance agreement?

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Q. What is the role of the broker in reinsurance transactions?

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