Review a reinsurance treaty and extract the claims-cooperation clauses
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- Extract attachment, exclusions, claims-cooperation, follow-the-settlements/fortunes and aggregation clauses into a table with clause references.
- What the lawyer must review
- Get specialist input on placement and wording disputes
- Do not advise a cedent or reinsurer from a generated summary of a treaty slip
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes extracting and organising information and preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Review operative clauses in the complete document, including definitions, cross-references, schedules and inconsistencies with the instructions.
- Check the specialist’s assumptions, qualifications and limits. Obtain the relevant expert or specialist review before relying on a technical conclusion.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.