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.

Answer rating: 100% (QA)

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... View the full answer