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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

Assume an original insured has a validly established direct benefit under a particular reinsurance contract. The direct insurer claims that even this necessarily cancels its own policy obligation, although no release or novation occurred. Which Artex principle is relevant?

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Every third-party benefit automatically releases all other debtors A possible direct claim against the reinsurer does not by itself cancel the original insurer’s direct contractual responsibility. The original policy disappears automatically No reinsurance clause can ever matter

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