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Property Bldg. Laws Safeguards General Liability Emp, Benefit Liab. Employer Liability Aircraft Products Liab. Sexual Harassment Dir. & Officers Liab. Professional Liability Elect. Data Proc. Cov. Kidnap or Ransom
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[W008]
This term has application to the excess or catastrophic reinsurance market. When a reinsurer is asked to back date a contract or agreement, the ceding company is asked to sign a statement or warrant in the application that no known or reported losses exist, to protect the reinsurer from providing coverage for known losses.
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100