[O019]

omissions clause

A provision that applies to treaty reinsurance agreements. In those cases where the reinsurance treaty would have normally applied to a risk, but the ceding insurer unintentionally omitted the risk from the Bordereau (the report of ceded risks), the omitted risk is still covered.

Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100

Back to Index