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Procurement of the Reinsurance of the FIRE INSURANCE of the LAND BANK OF THE PHILIPPINES For the Period From: 4:00 P.M. June 1, 2015, To: 4:00 P.M. June 1, 2016, TABLE OF CONTENTS SECTION I. INVITATION
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The procurement of form reinsurance is the process of obtaining additional insurance coverage from another insurance company.
Insurance companies are required to file procurement of form reinsurance.
To fill out procurement of form reinsurance, insurance companies must provide details of the reinsurance arrangements.
The purpose of procurement of form reinsurance is to manage and mitigate risks by transferring them to other insurance companies.
The procurement of form reinsurance must include details of the reinsurance contracts, coverage limits, and premiums.
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