Ƶ

Standard Reinsurance Agreement for Hong Kong

Standard Reinsurance Agreement Template for Hong Kong

A comprehensive legal agreement governed by Hong Kong law that establishes the terms and conditions under which a reinsurer agrees to accept and indemnify certain risks from a ceding insurance company. The document outlines premium calculations, risk transfer mechanisms, claims procedures, reporting requirements, and compliance obligations under Hong Kong's regulatory framework, particularly the Insurance Ordinance (Cap. 41). It includes specific provisions for financial reporting, risk management, and dispute resolution in accordance with Hong Kong legislation and insurance industry standards.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Standard Reinsurance Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Standard Reinsurance Agreement?

The Standard Reinsurance Agreement is a fundamental document in the insurance industry, used when an insurance company (cedent) wishes to transfer part of its risk portfolio to a reinsurer. This agreement, governed by Hong Kong law, establishes the legal and operational framework for the risk transfer relationship between the parties. It is particularly important in Hong Kong's sophisticated financial services market, where reinsurance plays a crucial role in risk management and capital efficiency. The document includes comprehensive provisions covering risk acceptance, premium calculations, claims procedures, regulatory compliance, and reporting requirements, all aligned with Hong Kong's Insurance Ordinance and regulatory guidelines. The Standard Reinsurance Agreement is essential for insurance companies seeking to manage their risk exposure and maintain regulatory compliance while ensuring stable operations in the Hong Kong insurance market.

What sections should be included in a Standard Reinsurance Agreement?

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

What sections are optional to include in a Standard Reinsurance Agreement?

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

What schedules should be included in a Standard Reinsurance Agreement?

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

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Cost

Free to use
Relevant legal definitions

























































Clauses








































Relevant Industries

Insurance

Reinsurance

Financial Services

Maritime Insurance

Property Insurance

Casualty Insurance

Life Insurance

Health Insurance

Aviation Insurance

Energy Insurance

Construction Insurance

Professional Liability Insurance

Relevant Teams

Legal

Compliance

Risk Management

Underwriting

Claims

Finance

Actuarial

Operations

Regulatory Affairs

Portfolio Management

Technical Services

Business Development

Relevant Roles

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

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Consent To Release

A Hong Kong law-compliant document authorizing the release and sharing of personal information, governed by the Personal Data (Privacy) Ordinance.

find out more

Contractor To Subcontractor Contract

A Hong Kong law-governed agreement between a main contractor and subcontractor defining the terms, obligations, and specifications for construction or engineering works.

find out more

Authorization To Release Employee Information Form

A Hong Kong law-compliant form authorizing the release of specified employee information to designated recipients, with built-in privacy protections.

find out more

Mortgage Servicing Agreement

A Hong Kong law-governed agreement outlining terms for the administration and servicing of mortgage loans by a designated servicer on behalf of a mortgage owner/lender.

find out more

Hospital Reference Letter

A formal medical document used in Hong Kong's healthcare system for patient referrals between healthcare providers, containing essential medical information and referral details.

find out more

Consent Letter To Immigration

A Hong Kong law-governed formal authorization document used to grant specific permissions to the Immigration Department for processing immigration-related matters.

find out more

Sublicense Software

A Hong Kong law-governed agreement allowing a licensed software user to grant software usage rights to a third party, subject to Hong Kong's technology and IP laws.

find out more

Authorization To Release Medical Information To Family Members

A Hong Kong-compliant authorization form allowing healthcare providers to share specified medical information with designated family members, subject to privacy regulations.

find out more

Rent Payment Contract

A Hong Kong law-governed agreement establishing rental payment terms and conditions between landlord and tenant, including payment schedules and related financial obligations.

find out more

Executor Letter Of Direction

A Hong Kong legal document used by estate executors to instruct financial institutions and other parties on specific actions regarding deceased persons' assets and estate matters.

find out more

Insurance Reimbursement Form

A Hong Kong-compliant insurance claim form for policyholders to request reimbursement of covered expenses under their insurance policies.

find out more

Injury Liability Waiver

A Hong Kong law-governed waiver document that protects service providers by having participants acknowledge and accept activity-related risks.

find out more

Privacy Policy User Agreement

A Hong Kong law-governed agreement outlining an organization's personal data handling practices and user privacy rights under the PDPO.

find out more

Medical Treatment Authorization And Consent

A Hong Kong-compliant medical treatment authorization and consent form establishing informed consent between healthcare providers and patients while ensuring legal protection for all parties.

find out more

Medical Information Consent Form

A Hong Kong-compliant consent form for the collection and handling of patient medical information, meeting local privacy and healthcare regulatory requirements.

find out more

Consent Form To Share Information

A Hong Kong law-compliant form authorizing the sharing of personal information between specified parties while ensuring data privacy protection.

find out more

Labor Invoice

A Hong Kong-compliant invoice document for billing labor services, meeting local employment and tax regulations while providing detailed work and payment information.

find out more

Release Authorization

A Hong Kong-governed document that provides legal authorization for the release of specific information, documents, or assets from one party to another.

find out more

Tenant Reference Letter For A Friend

A formal character reference document used in Hong Kong's property rental market, written by a friend to support a potential tenant's rental application.

find out more

Statement Of Outstanding Invoices

A Hong Kong law-governed financial document that formally records and communicates outstanding unpaid invoices and amounts owed between business parties.

find out more

Dental Invoice

A Hong Kong-compliant billing document for dental services that details treatments provided, costs, and payment terms.

find out more

Standard Reinsurance Agreement

A Hong Kong law-governed agreement between a reinsurer and ceding insurer establishing terms for risk transfer, premiums, and claims procedures.

find out more

Release Request Form

A Hong Kong-compliant formal document used to request and authorize the release of specific information, documents, or assets between parties.

find out more

New Ownership Letter

A formal document under Hong Kong law confirming the transfer of property ownership from one party to another, including essential ownership change details and property information.

find out more

Media Release Agreement

A Hong Kong law-governed agreement authorizing the use and distribution of media content, establishing usage terms and protecting both parties' rights.

find out more

Consent For An Access To Information And Personal Information Request

A Hong Kong law-governed consent form for accessing and processing personal information, ensuring compliance with local privacy regulations.

find out more

Release Of Liability Waiver

A Hong Kong law-governed document where participants waive certain legal rights to make claims, subject to local statutory limitations on liability exclusions.

find out more

Personal Information Consent Form

A Hong Kong-compliant consent form for personal data collection and processing under the PDPO, documenting individual consent for data handling activities.

find out more

Interview Offer Letter

A Hong Kong-compliant formal letter inviting a candidate to attend a job interview, detailing interview arrangements and requirements.

find out more

Guarantor Letter For Lease

A Hong Kong law-governed letter where a guarantor commits to fulfilling a tenant's lease obligations in case of default.

find out more

Employer Registration Certificate

A mandatory certification issued by the Hong Kong Labour Department validating an organization's status as an employer in Hong Kong.

find out more

Deposit Refund Form

A Hong Kong-compliant form for processing and documenting deposit refunds, capturing all necessary party information and refund details.

find out more

Consent And Indemnity Form

A Hong Kong law-governed document combining explicit consent provisions with indemnification clauses to manage risks and protect parties' interests.

find out more

Actor Release Form

A Hong Kong-compliant legal agreement securing rights and permissions from performers for the use of their performance, image, and likeness in media productions.

find out more

Vehicle Purchase And Sale Agreement

A Hong Kong law-governed agreement that documents the terms and conditions for the sale and purchase of a vehicle, ensuring legal compliance and protecting both parties' interests.

find out more

Authorization For Medical Information Release

A Hong Kong-compliant authorization form for the release of medical information, ensuring legal protection for both healthcare providers and patients.

find out more

Consent Form For Use Of Photographs

A Hong Kong law-governed consent form authorizing the capture and use of photographs, ensuring compliance with local privacy and copyright regulations.

find out more

Authorization To Disclose Information

A Hong Kong law-compliant document authorizing the disclosure of specific information between designated parties, subject to data privacy regulations.

find out more

General Release And Waiver Of Claims

A Hong Kong law-governed agreement where one party releases their right to pursue legal claims against another party in exchange for consideration.

find out more

Simple Manufacturing Agreement

A Hong Kong law-governed agreement establishing terms for manufacturing services, including quality standards, pricing, and delivery requirements.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it