Q. What is the purpose of including an arbitration clause in a reinsurance agreement?

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Q. How are arbitrators and umpires appointed in the arbitration process?

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Q. What is the role of the arbitrators and umpire in interpreting the reinsurance agreement?

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Q. What is the advantage of resolving disputes through arbitration in reinsurance agreements?

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Q. What is the significance of specifying the place of arbitration in a reinsurance agreement?

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Q. What is the purpose of the jurisdiction clause in a reinsurance agreement?

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Q. What is the purpose of the set-off clause in a reinsurance agreement?

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Q. Why is the set-off clause often challenged by creditors and others?

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Q. What is the typical frequency for accounting in proportional reinsurance treaties?

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Q. What is the timeframe for confirming accounts in the accounting clause?

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Q. What provision may be included in the accounting clause for specified currencies?

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Q. When can a revised rate of exchange be used for accounting in foreign currencies?

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Q. What is the purpose of the currency clause in a reinsurance agreement?

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Q. What is the purpose of loss advices in a reinsurance agreement?

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Q. What is a 'cash loss request' in a reinsurance agreement?

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Q. What is the purpose of the 'preliminary loss advice' in a reinsurance agreement?

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Q. Who has the sole right to adjust, compromise, and settle claims in a reinsurance agreement?

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Q. What expenses are the reinsurer liable for in a reinsurance agreement?

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Q. Which of the following is designed to protect the ceding insurer against any inadvertent delays, errors or omissions?

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Q. What does the "Business Covered: Attachment of cessions - proportional" clause deal with?

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