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Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Insurance Code » REINSURANCE

REINSURANCE

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1REINSURANCE Empty REINSURANCE Sat Sep 20, 2008 10:40 pm

barrister

barrister
Reclusion Perpetua

is one by which an insurer procures a third person to insure him against loss or liability by reason of such original insurance. In every reinsurance contract, the original contract of insurance and the contract of reinsurance are separate and distinct and covered by separate policies.

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Free Legal Advice Philippines » GENERAL PRINCIPLES, UPDATES » LEGAL MATTERS, GEN PRINCIPLES, DOCTRINES, UPDATES » Commercial Law » Insurance Code » REINSURANCE

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