tiktok成人版

Loss Portfolio Transfer Agreement Template for Denmark

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Loss Portfolio Transfer Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Loss Portfolio Transfer Agreement

I need a Loss Portfolio Transfer Agreement under Danish law for transferring a motor insurance portfolio from my company to a local reinsurer, with the transfer to be effective from March 1, 2025, including specific provisions for handling ongoing claims administration.

What is a Loss Portfolio Transfer Agreement?

The Loss Portfolio Transfer Agreement is a crucial document used in the Danish insurance market when an insurer wishes to transfer its existing insurance liabilities to another insurer, typically for portfolio optimization, capital management, or strategic restructuring purposes. This agreement type is particularly relevant in scenarios involving business exits, portfolio consolidation, or risk management strategies. The document must comply with Danish regulatory requirements, including obtaining approval from the Danish Financial Supervisory Authority (Finanstilsynet). It includes detailed provisions for the transfer premium calculation, claims handling procedures, regulatory compliance, and ongoing reporting requirements. The agreement's structure reflects both Danish legal requirements and international reinsurance market practices, making it suitable for both domestic and cross-border transactions involving Danish entities.

What sections should be included in a Loss Portfolio Transfer Agreement?

1. Parties: Identification of the transferring insurer (cedent) and the assuming reinsurer

2. Background: Context of the transaction, including description of the portfolio being transferred

3. Definitions: Definitions of key terms used throughout the agreement

4. Scope of Transfer: Detailed description of the insurance portfolio being transferred, including covered policies and time periods

5. Transfer Premium: Financial terms including initial premium, payment terms, and any adjustments

6. Claims Handling and Administration: Procedures for handling claims, including authority levels and reporting requirements

7. Representations and Warranties: Standard and specific warranties regarding the portfolio and parties' capacity

8. Regulatory Compliance: Obligations regarding regulatory approvals and ongoing compliance requirements

9. Security and Collateral: Requirements for financial security or collateral arrangements

10. Reporting Requirements: Periodic reporting obligations and information sharing requirements

11. Term and Termination: Duration of the agreement and circumstances allowing early termination

12. Dispute Resolution: Procedures for resolving disputes, including jurisdiction and governing law

13. Confidentiality: Provisions regarding confidential information and its protection

14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignment

What sections are optional to include in a Loss Portfolio Transfer Agreement?

1. Transition Services: Required when the cedent will provide ongoing administrative services during a transition period

2. Risk Sharing Arrangements: Used when parties agree to share certain risks or profits

3. Broker Involvement: Required when reinsurance brokers are involved in the transaction

4. Data Protection: Detailed section required when significant personal data is involved in the transfer

5. Adverse Development Cover: Optional protection against deterioration of the transferred portfolio

6. Currency Conversion: Required for international transfers involving multiple currencies

7. Tax Provisions: Detailed tax considerations when transfer has significant tax implications

What schedules should be included in a Loss Portfolio Transfer Agreement?

1. Schedule A - Transferred Policies: Detailed list of insurance policies included in the transfer

2. Schedule B - Excluded Policies: List of specifically excluded policies or risks

3. Schedule C - Transfer Premium Calculation: Detailed methodology for calculating the transfer premium

4. Schedule D - Claims Handling Procedures: Detailed procedures and guidelines for claims handling

5. Schedule E - Reporting Templates: Standard formats for required periodic reports

6. Schedule F - Security Arrangements: Details of any collateral or security arrangements

7. Appendix 1 - Actuarial Report: Independent actuarial assessment of the portfolio

8. Appendix 2 - Due Diligence Findings: Summary of key due diligence findings

9. Appendix 3 - Regulatory Approvals: Copies of required regulatory approvals and conditions

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































Clauses






























Relevant Industries

Insurance

Reinsurance

Financial Services

Risk Management

Professional Services

Actuarial Services

Insurance Broking

Relevant Teams

Legal

Risk Management

Actuarial

Finance

Compliance

Claims

Underwriting

Operations

Regulatory Affairs

Portfolio Management

Relevant Roles

Chief Risk Officer

Head of Reinsurance

Insurance Portfolio Manager

Actuarial Manager

Legal Counsel

Compliance Officer

Claims Manager

Financial Controller

Portfolio Transfer Specialist

Underwriting Director

Chief Financial Officer

Insurance Operations Manager

Risk Analyst

Regulatory Affairs Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Fronting Agreement (Insurance)

Danish law-governed agreement establishing insurance fronting arrangement between authorized insurer and reinsurer, including risk transfer and operational terms.

find out more

Reinsurance Agreement

A Danish law-governed agreement between an insurer and reinsurer for the transfer of insurance risk, detailing coverage terms, premiums, and claims procedures.

find out more

Loss Portfolio Transfer Agreement

A Danish law-governed reinsurance agreement for transferring existing insurance portfolios between insurers, subject to Danish regulatory oversight and EU Solvency II requirements.

find out more

Insurance Pooling Agreement

Danish law-governed agreement establishing an insurance pool arrangement between multiple insurers, defining risk-sharing and operational procedures.

find out more

Subrogation Agreement

A Danish law-governed agreement transferring recovery rights from an insured to an insurer following claim payment, enabling the insurer to pursue claims against responsible third parties.

find out more

Risk Transfer Agreement

A Danish law-governed agreement facilitating the transfer of specified risks between parties, structured under Danish financial regulations and EU requirements.

find out more

骋别苍颈别鈥檚 Security Promise

Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; 骋别苍颈别鈥檚 AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.