Article
| August 24, 2011
Understanding Reinsurance Terminology – Bordereau
Reinsurance contracts are filled with exotic and equally mind-numbing terms like facultative certificate, follow-the-fortunes, cede, treaty, honorable engagement, ultimate net loss, and more. Some of our previous Commentaries have addressed a few of these terms. See, e.g., October 2001, March 2002, and March 2008. As one delves into the more technical aspects of a reinsurance contract, the term “bordereau” often comes up. The uninitiated may immediately recoil from a word like bordereau, but those who have been around the block know that a bordereau is just a list or report. But is it just a list?
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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