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"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".
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Is as you an adverb clause or an adjective clause?
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.
Is the clause After you finish your dinner an adjective or adverb clause?
It is an adverb clause. It will say "when" an activity may take place.
What kind of clause is unless Stella finds her wallet?
The clause "unless Stella finds her wallet" is a subordinate (or dependent) clause. It introduces a condition that affects the main clause of a sentence, indicating that something will occur only if Stella does not find her wallet. This type of clause typically requires an independent clause to complete its meaning.
Is the clause Who wrote Gothic and macabre short stories an adverb clause?
No. It is an adjective clause, as it begins with a relative pronoun (who).
What is an adverb and adjective clause?
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.
What is sudden death clause in reinsurance contract?
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.
What is Outward Reinsurance?
Reinsurance ceded by an insurer or re-insurer as opposed to inwards reinsurance which is reinsurance accepted.
What is the LGT 400 clause in reinsurance?
The LGT 400 clause, commonly used in reinsurance contracts, pertains to the definition and treatment of loss occurrences. It typically establishes the framework for how losses are aggregated and reported under the agreement, ensuring clarity on what constitutes a single loss event. This clause is essential for determining coverage limits and the calculation of premiums. By clearly defining loss occurrences, it helps mitigate disputes between reinsurers and cedents regarding claims.
What is loss participation clause?
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.
What is the Loss recovery clause in the reinsurance slip?
The Loss Recovery Clause in a reinsurance slip outlines the conditions under which a reinsurer will cover losses incurred by the cedent (the primary insurer). It specifies the process for claiming recovery, including documentation requirements and timelines. This clause ensures that both parties have a clear understanding of their responsibilities in the event of a loss, facilitating smoother transactions and financial stability. Overall, it serves to protect the interests of both the cedent and the reinsurer during loss events.
Is the sentence What one thinks determines one's actions a type of clause or a Subordinate Clause?
It is a free relative clause, also referred to as a headless relative clause.
When was Global Reinsurance created?
Global Reinsurance was created in 1990.
What should follow a dependent clause when the dependent clause comes first in a sentence.?
A comma
What kind of subordinate clause is What one thinks determines one's actions.?
The clause "What one thinks" in the sentence "What one thinks determines one's actions" functions as a noun clause. It acts as the subject of the verb "determines," expressing the idea that an individual's thoughts influence their actions. This clause provides the main idea of the sentence while serving as a complete thought on its own.
When was Reinsurance Group of America created?
Reinsurance Group of America was created in 1973.
What is the population of Reinsurance Group of America?
Reinsurance Group of America's population is 1,655.
What is Reinsurance Group of America's population?
The population of Reinsurance Group of America is 2,011.
