0
"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".
What else can I help you with?
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.
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.
Whose real name was Julius Marx is this an adjective clause or an adverb clause?
adjective
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.
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
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.
Who are the buyers of reinsurance?
*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)
What is Reinsurance clauses LGT 397?
Ah, reinsurance clauses like LGT 397 are like happy little safety nets in the world of insurance. They help insurance companies manage risks by transferring a portion of their liabilities to other insurers. Just like adding a touch of blue to a sky to make it more vibrant, reinsurance clauses ensure that everyone is taken care of when unexpected events happen.
