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11 MAKING THE CONTRACT: PLACEMENT

Reinsurance Practice and the Law

Chapter 11 MAKING THE CONTRACT: PLACEMENT INTRODUCTION 11.1 As described in Chapter 10, placement describes the process whereby a reinsurance contract is “placed” usually by a placing broker (on behalf of the reinsured) with a reinsurer. What is said and done during the placement process is critical to the parties’ legal relationship.

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