Question
1) Differentiate between Follow the Fortunes Clause; Claims Cooperation Clause and Claims Control Clause. Identify the problems faced if a facultative reinsurance slip has both
1) Differentiate between "Follow the Fortunes Clause"; "Claims Cooperation Clause" and "Claims Control Clause". Identify the problems faced if a facultative reinsurance slip has both the "Follow the Fortunes clause" and "Claims Control Clause". Will your answer change if it was a Treaty Reinsurance slip?
2) Give ten examples of Express terms and Implied terms used in a Reinsurance contract.
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Differentiation between Follow the Fortunes Clause Claims Cooperation Clause and Claims Control Clause Follow the Fortunes Clause This clause is typically found in reinsurance contracts and it require...
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
