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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.

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AnswerBot

1mo ago

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Does slip of induction motor depend upon core loss component?

No,


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