Page 218 - Reinsurance Management IC85

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b) Claims Co-operation Clause
In case of an occurrence which may give rise to
a claim in excess of the limit stated hereafter, it
is a condition precedent to any liability to pay
under this reinsurance contract that the Reinsured
shall immediately upon becoming aware of such
occurrence inform the lead Reinsurer the right to
co-operate with the Reinsured in the adjustment
of the claim or in the investigation of the
occurrence and/or to appoint a representative to
do so on their behalf.

Claims Cooperation Limit: INR ........... Estimated
Gross Claim amount

Claims Control Clause
Whereas this policy is subject to reinsurance, it is
agreed that the reinsurers shall have complete control
of the adjustment of all claims indemnifiable under the
policy, and to this end shall receive immediate
notification from the insurers of any claim or possible

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