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31 MARKET PRACTICES AS TO PRESENTATION AND SETTLEMENT OF CLAIMS

Reinsurance Practice and the Law

Chapter 31 MARKET PRACTICES AS TO PRESENTATION AND SETTLEMENT OF CLAIMS GENERAL INTRODUCTION TO THE CLAIMS PROCESS 31.1 As has been discussed elsewhere in this book, it is a long-established principle in English law that contracts of insurance and reinsurance are subject to the doctrine of utmost good faith. The reinsured must make full and frank disclosure at the outset of the risk, and may owe other obligations to disclose information during the course of a risk because of his duty of utmost good faith.

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