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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Q. What does the "Business Covered: Insuring clause non-proportional" clause specify?

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Q. What is the purpose of the deductible in non-proportional reinsurance?

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Q. Which basis of reinsurance application is linked to "each loss each risk"?

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Q. What is the purpose of the reinstatement provision in non-proportional reinsurance?

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Q. How do reinsurers on a layered excess of loss cover consider the deductible?

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Q. Which aspect must be clearly stated in the "Business Covered: Insuring clause non-proportional" clause for layered excess of loss cover?

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Q. What is the purpose of obtaining the consent of reinsurers when a ceding insurer introduces a change in its business approach?

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Q. What does the "Original conditions: Follow the fortunes" clause state?

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Q. What does the concept of "follow the fortunes" mean in reinsurance?

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