Claim Settlement and Notice Clause Samples

Claim Settlement and Notice. The Ceding Company is responsible for the settlement of Claims and the Reinsurer will accept the decision of the Ceding Company with respect to payment of Claims made in accordance with the Service Standard and as specified under the terms of this Agreement. The Ceding Company will provide the Reinsurer with the claims information specified in Schedule B as part of the Monthly Settlement Report. The reinsured claim and copies of notification, claim papers, proofs and other information will be made available to the Reinsurer upon request.