"Follow-the-fortunes" is a fundamental doctrine of reinsurance which provides generally that a reinsurer must follow the underwriting fortunes of its cedant (reinsured) and is thus bound by the claims-handling decisions of its reinsured, provided there is no evidence of fraud, collusion with the insured, or bad faith. It is a burden-shifting doctrine which allows the cedant (reinsured) the freedom of making good-faith claims decisions without the fear of having to relitigate those decisions with its reinsurer. This term is used inter-changeably with "follow-the settlements".
The term 'as you' is not a clause without a verb.But a clause introduced by 'as' is an adverb clause adding how, when, why to the statement made.As you said, it was more expensive than expected.We put the steaks on the fire as you arrived.
It is an adverb clause. It will say "when" an activity may take place.
No. It is an adjective clause, as it begins with a relative pronoun (who).
An adjective clause is the group of words that contain the subject and the verb acting as an adjective. An adverb clause answers questions like how, when and where.
adjective
It is also and more commonly known as the Special Cancellation clause. This will allow the reinsuance agreement to be immediately terminated by either party because of a major alteration in the character of either party and hence to the reinsurance agreement or to the commercial and/or political background against which the reinsurance agreement was originally concluded.
Reinsurance ceded by an insurer or re-insurer as opposed to inwards reinsurance which is reinsurance accepted.
Loss Partipation clause is used in Proportional Reinsurance. It makes liable to the cedant/reinsured to make contribuiton/pratipaiton if loss amount exceed a specified amount as agreed between reinsurer and reinsured in advance.
This is a reinsurance wording clause commonly used in Liability treaty reinsurance. It excludes coverage for liabilities arising in the USA or Canada, but provides a limited write-back of coverage for certain products liability/public liability/employers liability and (in the case of the latest version of LGT 397) personal liability where such coverage is incidental to the underlying policy. - The reason for that is the widespread endeavour to immunize non-US-related reinsurance treaties against US-jurisdiction.
It is a free relative clause, also referred to as a headless relative clause.
Global Reinsurance was created in 1990.
A comma
Reinsurance Group of America was created in 1973.
Reinsurance Group of America's population is 1,655.
The population of Reinsurance Group of America is 2,011.
*Direct insurance company *Captive insurance company *Reinsurer However, there are no clear separation between buyers and sellers in reinsurance. Insurance company maybe a buyer (outward reinsurance) and a seller (inward reinsurance)
refraining from certain vaccinations