Reinsurance

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1. Under Section 97, who procures protection in a contract of reinsurance?
2. Under Section 99, reinsurance is presumed to indemnify against what?
3. What does Section 100 state about the original insured's interest in the reinsurance contract?
4. Insured O has a policy with A. A separately reinsures its liability with B. O argues that A's reinsurance automatically…
5. In a nonautomatic reinsurance arrangement, A holds material risk information acquired after the original policy began. …
6. An insurer obtaining nonautomatic reinsurance forwards its own summary but knowingly omits material original-insured re…
7. A reinsurance agreement is silent on whether it indemnifies liability or only prior actual payment. The reinsurer asser…
8. Distinguish reinsurance from double insurance.
9. State the disclosure rule for obtaining reinsurance and its express qualification.
10. Explain Sections 99 and 100 and identify the distinct questions they address.
11. Under Artex, does procuring reinsurance by itself cancel the original insurer’s direct policy obligation?
12. Under Artex, what must be established before an original insured can rely on a third-party-benefit theory in a reinsura…