Question

What is the purpose of a jurisdiction clause in a reinsurance treaty wording?

a.

To specify the governing laws for the reinsurance contract

b.

To define the territorial jurisdiction for claims settlement

c.

To establish the jurisdiction of the intermediary or broker

d.

To resolve disputes related to the treaty wording

Posted under IC85 Reinsurance Management

Answer: (a).To specify the governing laws for the reinsurance contract Explanation:A jurisdiction clause inserted in a reinsurance treaty wording defines the laws under which any dispute related to the contract shall be resolved. It helps determine the applicable legal framework for the reinsurance arrangement.

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