Participations may be obtained from approved overseas markets by signature to a PSC prepared Market Reform Contract / Slip or by means of an Insurer quote/binder.
If such quotes/binders are received in electronic format they must be inserted into the PSC Slip to enable any person reviewing the Slip to determine the market and any specific coverage restrictions and be saved into the appropriate Client directory on the file server.
Care should be taken to ensure that wherever possible these markets ‘follow form’ the lead Insurer’s wording and clauses.
Any differences must be advised in writing to the Client.
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