Minggu, 01 September 2013

SEVERAL LIABILITY NOTICE - LSW 1001 (Reinsurance)

The subscribing reinsurers’obligation under contracts of reinsurance to which they subscribe are several and not joint and are limited solely to the extent of their individual subscriptions. The subscribing reinsurers are not responsible for the subscription of any co-subscribing reinsurer who for any reason does not satisfy all or part of its obligations.
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