Abstract
The contract of reinsurance is a contract in which one party - the reinsurer undertakes to pay to the other party, the insurer, the entire amount or part of the amount that the latter paid or is supposed to pay to the insured, while the reinsured undertakes to pay the premium to the reinsurer. Life reinsurance is quite distinct from non-life reinsurance. The paper focuses on this distinction. As far as its legal nature is concerned reinsurance is a sui generis contract, binding on both parties, consensual aleatory, successive and informal. Since reinsurance is an international concept, the legal practice has made the legal provisions on reinsurance internationally standardized and accepted.
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