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Judul Reinsurance and the Law of Aggregation : Proposal review Event, Occurrence, Cause / William, Oliver D.
Pengarang William, Oliver D.
Penerbitan Oxford : Taylor & Francis, 2021
Deskripsi Fisik 236 :ilus ;23 cm.
ISBN 9781000329063
Subjek Reinsurance—Law and legislation
Catatan In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a policy’s quantitative scope of cover is significantly affected by the parties’ agreement of a deductible and a cover limit. Yet, the examination of whether a loss has exceeded deductible or cover limit necessitates an educated understanding of what constitutes one loss. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting one loss to the reinsurer when they arise from the same event, occurrence, catastrophe, cause or accident. Aggregation mechanisms are one of the core instruments for structuring reinsurance contracts. This book systematically examines each element of an aggregation mechanism, tracing the inconsistent usage of aggregation language in the markets and scrutinizing the tests developed by courts and arbitral tribunals. In doing so, it
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Lokasi Akses Online https://library.oapen.org/handle/20.500.12657/102669
https://oer.unair.ac.id/files/original/0f775f862b69d2203f7d226a0c29a184.pdf

 
No Barcode No. Panggil Akses Lokasi Ketersediaan
094625192 346.086 Wil r Baca Online Perpustakaan Pusat - Ruang Acarya C - Perpustakaan UNAIR Kampus C
Ebook
Tersedia
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245 1 # $a Reinsurance and the Law of Aggregation : $b Proposal review Event, Occurrence, Cause /$c William, Oliver D.
260 # # $a Oxford :$b Taylor & Francis,$c 2021
300 # # $a 236 : $b ilus ; $c 23 cm.
505 # # $a In excess of loss reinsurance, the reinsurer covers the amount of a loss exceeding the policy’s deductible but not piercing its cover limit. Accordingly, a policy’s quantitative scope of cover is significantly affected by the parties’ agreement of a deductible and a cover limit. Yet, the examination of whether a loss has exceeded deductible or cover limit necessitates an educated understanding of what constitutes one loss. In so-called aggregation clauses, the parties to (re-)insurance contracts regularly provide that multiple individual losses are to be added together for presenting one loss to the reinsurer when they arise from the same event, occurrence, catastrophe, cause or accident. Aggregation mechanisms are one of the core instruments for structuring reinsurance contracts. This book systematically examines each element of an aggregation mechanism, tracing the inconsistent usage of aggregation language in the markets and scrutinizing the tests developed by courts and arbitral tribunals. In doing so, it seeks to support insurers, reinsurers, brokers and lawyers in drafting aggregation clauses and in settling claims. Focusing on an analysis of primary sources, particularly judicial decisions, the book interprets each judicial decision to describe a system of inter-related rules, collating, organising and describing the English law of aggregation as applied by the courts and arbitral tribunals. It further draws a comparison between the English position and the corresponding rules in the Principles of Reinsurance Contract Law (PRICL).
650 # # $a Reinsurance—Law and legislation
856 # # $a https://library.oapen.org/handle/20.500.12657/102669
856 # # $a https://oer.unair.ac.id/files/original/0f775f862b69d2203f7d226a0c29a184.pdf
990 # # $a 094625192
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