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GS 58 7 30 Page 1. Reinsurance. Basic Terms and Concepts. Reinsurance – “insurance for insurers”. Reinsurance is the transfer from one insurer (primary insurer) to another (the reinsurer) of some of the financial consequences covered by the primary insured’s policies. An Introduction . Dr. Michael Schillig. King’s College London. Dickson Poon School of Law. Overview. . Nature and types of insurance. . Insurable interest. . Insuranc. e as a contract . uberrimae. Ethical . Pitfalls for Counsel and . Claims . Professionals. www.gcandh.com. Expectations. Ethics Generally. Definition of ethics. . noun . 1 . [usually treated as plural] moral principles that govern a person’s or group’s . A series of court cases:. Protecting yourself and your clients. Zurich Financial Services Australia Limited. This information is current at its date of publication. It does not constitute legal advice and should not be relied upon. Advice should be sought on particular matters. Zurich does not accept responsibility for any errors in or omissions from this publication. This presentation may not be reproduced without prior written consent of Zurich Australia Limited. The summary information contained in the following presentation is general in nature and is only intended for use of professional advisers. It does not take into account the objectives, financial situation or needs of any person. These factors should be considered before acting on this information. The information in this presentation may not be applied by Zurich in every matter, as claims are assessed on an individual case by case basis. . MONTANA. Negligence. The failure to use reasonable care. . A person is negligent if he/she fails to act as an ordinarily prudent person would under the circumstances.. Child is negligent if he fails to use the degree of care ordinarily exercised by children of the same age, intelligence, knowledge, etc. (Unless they are under 7). A Roadmap To Effectively Addressing Coverage Issues. Isaacs & Co.. Barristers & Solicitors. Marc Isaacs . Arie Odinocki. Is It Covered?. Every claim received by an insurer starts with . the same coverage . . insolvency. When liabilities exceed assets. Only legally insolvent when sequestrated by order of court. sequestration. A sequestration order is a formal declaration that a debtor is insolvent. The order is granted at . 2014 . Houston Marine Insurance Seminar. . Robert G. Clyne. President. The Maritime Law Association of the United States. Vice President, General Counsel & Corporate Secretary. American Bureau of Shipping. and . Regulatory . Update. AICP NE Chapter Meeting. June 30. , . 2016. Session Agenda. Overview. What’s new. What’s trending. Looking back . Questions. “Stats” Overview. California, Illinois, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Wisconsin…in session. Prepared for the New Class Group. of the Insurance Institute of Manchester . February 2016. Contents. Some History and background to the duty of disclosure . The Insurance Act 2015 . What, When , How and the effects on the market . . insolvency. When liabilities exceed assets. Only legally insolvent when sequestrated by order of court. legislation. In South Africa the . Insolvency Act 24 of 1936 . deals with insolvency . sequestration. © Charles Tabb 2010. proof of certain specified facts . conclusively . establishes that transfer is fraudulent. irrespective of DR’s actual subjective intention. strict liability -- redress inherent creditor injury . IASA Chicagoland Chapter Conference. Chicago, IL. April 17, 2014. Matthew Wulf, Reinsurance Association of America. Topics for Discussion. Reinsurance 101. NAIC. Reinsurance Regulation. Credit for Reinsurance. Types of Authority When an agent is contracted to work for an insurer, he has the authority to conduct business on behalf of that insurer. There are three types of authority granted in agency relationships. These are: