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FAQs:

WordingsPLUS keeps a library of FAQs, which are now available to the London market. If there isn't anything here to help you, try the Ask Wordings Plus page. We add them regularly, so remember to come back.

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RECENTLY ADDED:

What is meant by the terms Inward and Outward Reinsurance? .... answer

What is meant by the terms Proportional and Non-Proportional Reinsurance?.... answer

What is meant by the term Quota Share Reinsurance? .... answer

What is a Cut-Through Clause?... answer

Does a facultative reinsurance Market Reform Contract require separate headings for both original and reinsurance conditions?.... answer

What is the meaning of the term Constructive Total Loss?.... > answer

What is the difference between a Deductible (or Excess) and a Franchise?... answer

What is a Grace Period?... answer

What is meant by Non-Vitiation?... answer

What is meant by IBNR Losses?... answer

What is Key Person insurance?... answer

What is Stop Loss reinsurance? ... answer

What is Surplus reinsurance? answer