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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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