Reinsurance has risks for cedents and reinsurers, including the dangers of costly disputes if contracts are flawed.
PLI’s Reinsurance Law minimizes that peril by showing you how to structure sound agreements more easily and inexpensively. Covering federal and state law, customary industry practices, and relevant case law in clear, straightforward terms, Reinsurance Law examines the rights, duties, objectives, and potential liabilities of every reinsurance participant, while offering the expert drafting guidance that makes reinsurance transactions work.
Written by two veteran reinsurance practitioners, Reinsurance Law gives you a practical grasp of the purpose, benefits, markets, and costs of reinsurance; the features, operation, and risk-and-return characteristics of the full range of reinsurance products; the two major industry standards, the Utmost Good Faith and Follow-the-Fortunes doctrines; the key role of intermediaries in reinsurance; and important judicial developments affecting the industry. Included are timesaving checklists and numerous adaptable sample agreements and sample clauses.
Updated at least once a year, Reinsurance Law is an important reference for insurance attorneys, professionals, regulators, and investment advisers.
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