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Letters of Credit in Reinsurance — In the Wake of Fraud Allegations, Focusing on the Fundamentals | Kramer Levin Naftalis & Frankel LLP : vimarsana.com
Letters of Credit in Reinsurance — In the Wake of Fraud Allegations, Focusing on the Fundamentals | Kramer Levin Naftalis & Frankel LLP
Widely reported allegations of fraud at an offshore company this past summer have drawn attention to the use of letters of credit (LOCs) to secure reinsurance obligations. The company,...
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