Principles

CHAPTER 1: General Provisions

Section 1: Application of the PRICL

Article 1.1.1 (Scope of application)

Article 1.1.2 (External gaps)

Article 1.1.3 (Exclusion or modification of the PRICL)

Article 1.1.4 (Usages and practices)

Article 1.1.5 (Overriding mandatory rules)

Article 1.1.6 (Interpretation and internal gaps)

Section 2: Definitions

Article 1.2.1 (Contract of reinsurance)

CHAPTER 2: Duties of the Reinsurer and the Reinsured

Section 1: General Duties

Article 2.1.1 (Duties in general)

Article 2.1.2 (Duty of utmost good faith)

Article 2.1.3 (Confidentiality)

Article 2.1.4 (Dispute resolution)

Section 2: Pre-contractual Duty of the Reinsured

Article 2.2.1 (Duty of disclosure)

Section 3: Duties owed during the Contract Period

Article 2.3.1 (Premium payment)

Article 2.3.2 (Contract documentation)

Article 2.3.3 (Reinsurer rights of inspection)

Section 4: Duties owed during the Claims Process

Article 2.4.1 (Notice of claims)

Article 2.4.2 (Claims handling by the reinsured)

Article 2.4.3 (Follow-the-settlements and follow-the-fortunes)

Article 2.4.4 (Timely payment of reinsurance claims)

CHAPTER 3: Remedies

Article 3.1 (Remedies for breach of contract)

Article 3.2 (Remedies for breach of pre-contractual duty of disclosure)

Article 3.3 (Remedies for fraudulent conduct)

CHAPTER 4: Loss Allocation

Article 4.1 (Scope of application)

Article 4.2 (Losses occurring)

Article 4.3 (Risks attaching)

CHAPTER 5: Loss Aggregation

Article 5.1 (Principle)

Article 5.2 (Event-based aggregation)

Article 5.3 (Cause-based aggregation)

CHAPTER 6: Coverage

Section 1: Back-to-back Cover

Article 6.1.1 (Agreement on matching cover)

Article 6.1.2 (Contractual modification)

Article 6.1.3 (Interpretation of incorporated matching terms)

Section 2: Net Retention

Article 6.2.1 (Agreement on net retention)

Article 6.2.2 (Remedies for breach of an agreement on net retention)

Section 3: Liability for Costs, XPL and ECO Claims

Article 6.3.1 (Liability for costs)

Article 6.3.2 (Cover for XPL and ECO claims)

CHAPTER 7: Duration

Article 7.1 (Reinsurance period)

Article 7.2 (Consequences of early termination)