Reinsurance Agreement Template for Pakistan

1. Sanctions Clause: Include when international transactions are involved, specifying compliance with international sanctions

2. Cut-Through Clause: Optional provision allowing direct access by original insured to reinsurer in specific circumstances

3. Offset Provisions: Include when parties have multiple agreements and want right to offset balances

4. Intermediary Clause: Include when a broker or intermediary is involved in the arrangement

5. Currency Conversion: Include for international agreements with multiple currencies

6. Portfolio Transfer: Include when existing insurance portfolios are being transferred

7. Profit Commission: Include in agreements where profit sharing is contemplated

8. Terrorism Exclusion: Specific exclusion for terrorism risks, if required

1. Schedule A - Risk Details: Detailed description of covered risks, limits, and exclusions

2. Schedule B - Premium Calculation: Detailed methodology for premium calculation and adjustments

3. Schedule C - Claims Information: Specific procedures and documentation required for claims

4. Schedule D - Reporting Requirements: Templates and timing for regular reporting

5. Appendix 1 - Underwriting Guidelines: Detailed underwriting criteria and guidelines

6. Appendix 2 - Claim Forms: Standard forms for claim notification and processing

7. Appendix 3 - Financial Security Requirements: Details of required security or collateral arrangements

8. Appendix 4 - Service Level Agreement: Specific performance standards and timelines