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41 LOSS OF REMEDIES

Reinsurance Practice and the Law

Chapter 41 LOSS OF REMEDIES INTRODUCTION 41.1 Many of the remedies discussed in the preceding chapter may be lost if the claimant waives a breach of duty or breach of contract or affirms a contract after becoming aware of a breach. We discuss these issues further below. In addition, a claimant who delays too long before seeking a remedy may become time-barred and the law of limitation is discussed in Chapter 42.

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