Question
a.
It determines the allocation of costs in the arbitration process
b.
It ensures the finality and binding nature of the arbitrator's decision
c.
It designates the country where court proceedings will be initiated if arbitration fails
d.
It facilitates net settlement between the parties
Posted under IC85 Reinsurance Management
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Q. What is the significance of specifying the place of arbitration in a reinsurance agreement?
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