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The Insurance Times

losses
are settled by account are settled by account

Q. Name ten clauses attached to the
proportional treaty wording.

Ans: 1. Operative Clause
2. "Attachment of Cessions" Clause
3. "Follow the Fortunes" Clause
4. "Exclusions" Clause
5. Accounting Clause
6. Commission and Profit Commission
7. Loss Advices and Accounting of Losses
8. Reserves Clause
9. Premium and Loss Portfolios
10. Commencement and Termination Clause

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