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  • Ms GTC Paint Company Royal

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    Mr Dampha
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    This document is a facultative credit note from WAICA Reinsurance Corporation PLC to Royal (GAM) Ltd regarding a fire insurance policy for M/s. G.T.C Paint Company. It provides details of the cedant Gulf Insurance Group (KWT), the primary insured, the type and period of cover, totals sums insured, original premium, WAICA and Royal's shares of the premium, commissions, and net premium amount due. The reinsurer agrees to follow the terms and conditions of the original policy.

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    Ms Gtc Paint Company Royal

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    This document is a facultative credit note from WAICA Reinsurance Corporation PLC to Royal (GAM) Ltd regarding a fire insurance policy for M/s. G.T.C Paint Company. It provides details of the cedant Gulf Insurance Group (KWT), the primary insured, the type and period of cover, totals sums insured, original premium, WAICA and Royal's shares of the premium, commissions, and net premium amount due. The reinsurer agrees to follow the terms and conditions of the original policy.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    3 views1 page

    Ms GTC Paint Company Royal

    Uploaded by

    Mr Dampha
    This document is a facultative credit note from WAICA Reinsurance Corporation PLC to Royal (GAM) Ltd regarding a fire insurance policy for M/s. G.T.C Paint Company. It provides details of the cedant Gulf Insurance Group (KWT), the primary insured, the type and period of cover, totals sums insured, original premium, WAICA and Royal's shares of the premium, commissions, and net premium amount due. The reinsurer agrees to follow the terms and conditions of the original policy.

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    © All Rights Reserved
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    WAICA Reinsurance Corporation PLC.

    FACULTATIVE CREDIT NOTE /CLOSINGS

    TO – ROYAL (GAM) LTD

    Wednesday, 03 September 2014

    CEDANT : GULF INSURANCE GROUP (KWT)

    PRIMARY INSURED : M/s. G.T.C PAINT COMPANY

    TYPE OF COVER : FIRE

    PERIOD OF COVER : 22/07/2014 TO 21/07/2015 (BOTH DATES INCLUSIVE)

    TOTAL S/I : KD9, 713,000

    ORIGINAL PREMIUM : KD16, 695.90

    R/I COMMISSION : 27.50%

    WAICA’S SHARE : 2% OF 100% -KD333.92

    SHARE PLACED : 3.34%

    YOUR SHARE PREMIUM : KD11.15

    LESSOVERIDING 5% : KD0.56
    COMMISSION

    NET PREMIUM DUE TO /FROM YOU: KD10.60

    REINSURER AGREES TO FOLLOW ALL TERMS, CLAUSES AND CONDITIONS AS


    ORIGINAL WITHIN THE TERMS OF REINSURANCE.

    PREPARED BY:......................................... APPROVED BY:...........................................

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