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8

Legal issues relating

to reinsurance

Contents Syllabus learning
outcomes

Learning objectives
Introduction
Key terms
A The law applicable to reinsurance contracts 7.1
B Interpreting contractual documents – key issues and case law 7.2

C Express terms 7.2
D Implied terms 7.2
E Limitation 7.2
Key points Reference copy for CII Face to Face Training
Question answers
Self-test questions

Learning objectives
After studying this chapter, you should be able to:

• describe the general legal principles of reinsurance law;
• explain the rules of construction for interpreting reinsurance contracts;
• describe the hierarchy of terms in reinsurance contracts;
• describe the legal issues often associated with incorporation, aggregation and loss settlement Chapter
provisions in reinsurance contracts; and
• explain what a limitation period is and how it may relate to reinsurance contracts. 8