Reinsurance Practice and the Law

Chapter 21



21.1 Premium is the lifeblood of the insurance and reinsurance industry. Its rating, the speed with which it is paid, and its investment value all contribute substantially to the success of an insurer or reinsurer. In this chapter we consider the important question of liability for payment of the premium, time for payment and the problem of non-payment. We also look at the difficulties encountered in estimating the amount of premiums to be written and the consequences of breaching a specific premium income limit.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.