Reinsurance Practice and the Law

Clyde & Co LLP

Document

Chapter 8 ESSENTIAL INGREDIENTS OF A REINSURANCE CONTRACT

INTRODUCTION

8.1 Reinsurance is a species of contract. The rules applicable to the making of reinsurance agreements are, therefore, the general principles of the law of contract. Later chapters will examine the technical mechanisms—such as slips and wordings—by which reinsurance contracts are usually made; this chapter concentrates on basic legal concepts. The traditional analysis of a contract in English law has three elements:

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.