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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Q. When does the reinsurance apply according to the "Business Covered: Attachment of cessions - proportional" clause?

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Q. What is the purpose of the "Business Covered: Attachment of cessions - proportional" clause for quota share reinsurance?

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Q. Which risks are typically excluded by reinsurers in relation to the "Business Covered: Attachment of cessions - proportional" clause?

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Q. What caused undue hardship to ceding insurers and their insured's in relation to terrorism and sabotage risks?

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Q. Why are obligatory reinsurances and retrocessions of inward treaty reinsurances excluded under the "Business Covered: Attachment of cessions - proportional" clause?

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Q. Which type of reinsurance is more akin to direct business and therefore not excluded under the "Business Covered: Attachment of cessions - proportional" clause?

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