Reinsurance has risks for cedents and reinsurers, including the dangers of costly disputes if contracts are flawed. Reinsurance Law helps to minimize that peril by showing you how to structure sound agreements more easily and inexpensively.
This treatise 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.Including time-saving checklists and numerous adaptable sample agreements and sample clauses, this practical treatise covers 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. It is an important reference for insurance attorneys, professionals, regulators, and investment advisers.