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1. Parties: Identification of the reinsurer and reinsured (ceding company), including full legal names and registration details
2. Background: Context of the reinsurance arrangement and brief description of the underlying insurance business
3. Definitions: Detailed definitions of technical terms, including insurance-specific terminology and contract-specific terms
4. Scope of Cover: Detailed description of risks covered, exclusions, and territorial limits
5. Premium and Payment Terms: Premium calculation methodology, payment schedules, and adjustment mechanisms
6. Claims Notification and Settlement: Procedures for claims notification, documentation requirements, and settlement processes
7. Retention and Limits: Specification of retention levels, liability limits, and excess points
8. Accounts and Settlements: Requirements for financial reporting, account statements, and settlement procedures
9. Duration and Termination: Contract period, renewal terms, and termination provisions
10. Regulatory Compliance: Compliance requirements under Hong Kong law and insurance regulations
11. Confidentiality: Provisions regarding confidential information and data protection
12. Dispute Resolution: Procedures for dispute resolution, including jurisdiction and governing law
13. General Provisions: Standard contractual provisions including notices, amendments, and severability
1. Broker Provisions: Required when a reinsurance broker is involved in the arrangement
2. Security Deposit: Include when collateral or security deposit requirements are needed
3. Currency Conversion: Required for international reinsurance arrangements involving multiple currencies
4. Sanctions Clause: Include for international reinsurance arrangements to address sanctions compliance
5. Cut-Through Clause: Optional provision allowing direct access by original insured to reinsurer in specific circumstances
6. Offset Provisions: Include when parties want to allow offsetting of mutual debts and credits
7. Special Acceptance: Required when certain risks outside standard terms may be accepted under specific conditions
1. Schedule A - Risk Details: Detailed description of covered risks, limits, and exclusions
2. Schedule B - Premium Calculation: Detailed methodology for premium calculation and adjustments
3. Schedule C - Claims Information: Specific requirements for claims documentation and procedures
4. Schedule D - Reporting Requirements: Ƶ and timing for required financial and operational reports
5. Schedule E - Underlying Business: Details of the original insurance policies covered by the reinsurance
6. Appendix 1 - Claims Bordereau Template: Standard format for reporting claims information
7. Appendix 2 - Premium Bordereau Template: Standard format for reporting premium information
8. Appendix 3 - Contact Details: List of key contacts and their roles for both parties
Insurance
Reinsurance
Financial Services
Maritime Insurance
Property Insurance
Casualty Insurance
Life Insurance
Health Insurance
Aviation Insurance
Energy Insurance
Construction Insurance
Professional Liability Insurance
Legal
Compliance
Risk Management
Underwriting
Claims
Finance
Actuarial
Operations
Regulatory Affairs
Portfolio Management
Technical Services
Business Development
Chief Risk Officer
Reinsurance Manager
Insurance Underwriter
Claims Manager
Compliance Officer
Legal Counsel
Actuarial Manager
Finance Director
Insurance Operations Manager
Treaty Manager
Portfolio Manager
Risk Analyst
Insurance Broker
Technical Underwriter
Regulatory Affairs Director
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