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Course in Legal Aspects of Reinsurance Contracts

Online 300-hour course in the legal aspects of reinsurance contracts. 6 Modules Covering Law 50/1980 on Insurance Contract (Arts. 77 to 79), Law 20/2015 (LOSSEAR) and Aranzadi Institutions. Assigned tutor and open enrollment.

Duration300 h
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute certificate
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Learning outcomes

What you will be able to do

01

Define the legal nature of the reinsurance contract and how it differs from direct insurance.

02

Analyse contract formation, the slip, the wording and contractual documentation.

03

Interpret critical clauses such as follow the fortunes, follow the settlements, aggregation and insolvency.

04

Determine the applicable law and jurisdiction in international reinsurance contracts.

05

Evaluate the disclosure and compliance obligations arising from supervisory regulation.

06

Compare mediation, arbitration and court proceedings in dispute resolution.

07

Prepare a legal opinion on a real, anonymised reinsurance contract.

Profile

Who it's for

  • Lawyer specialising in insurance and reinsurance who wants to specialise in Legal Aspects of Reinsurance Contracts.
  • Reinsurance contracts technician who wants to specialise in Legal Aspects of Reinsurance Contracts.
  • Compliance officer at reinsurers who wants to specialise in Legal Aspects of Reinsurance Contracts.
  • Reinsurance broker who wants to specialise in Legal Aspects of Reinsurance Contracts.
  • Legal adviser to insurers who wants to specialise in Legal Aspects of Reinsurance Contracts.
  • Reinsurance claims handler who wants to specialise in Legal Aspects of Reinsurance Contracts.
  • Engineering or science graduates looking to enter the reinsurance sector.
Standards & tools

What you'll work with

  • Ley 50/1980 de Contrato de Seguro (arts. 77 a 79)
  • Ley 20/2015 (LOSSEAR)
  • Directiva 2009/138/CE (Solvencia II)
  • Reglamento (CE) 593/2008 (Roma I)
  • Reglamento (UE) 1215/2012 (Bruselas I bis)
  • Convenio de Nueva York de 1958 (laudos arbitrales extranjeros)
  • Principles of Reinsurance Contract Law (PRICL)
Syllabus

6 modules · 300 h

  1. 1.1Contract between professionals and its consequences
  2. 1.2No direct relationship with the insured
  3. 1.3Freedom of contract and its limits
  4. 1.4Good faith and duty of disclosure
  5. 1.5Market usages and customs
  6. 1.6Interpretation of the contract
  7. 1.7Industry vocabulary and acronyms
  8. 1.8Applicable law and its choice
  9. 1.9Jurisdiction and arbitration
  10. 1.10Exercise: legally classifying a relationship
  1. 2.1Negotiation and cover note
  2. 2.2Legal value of the cover note
  3. 2.3Definitive contract and its delay
  4. 2.4Discrepancies between documents
  5. 2.5Signature, shares and order
  6. 2.6Role of the broker and its mandate
  7. 2.7Amendments and addenda
  8. 2.8Retention of documentation
  9. 2.9Proof of the contract
  10. 2.10Practice: analysis of a documentary discrepancy
  1. 3.1Scope of cover and exclusions
  2. 3.2Definition of event and of time
  3. 3.3Claims and notice clause
  4. 3.4Follow the fortunes clause
  5. 3.5Follow the settlements clause
  6. 3.6Errors and omissions
  7. 3.7Records inspection clause
  8. 3.8Sanctions clauses
  9. 3.9Termination and its causes
  10. 3.10Practice: drafting key clauses
  1. 4.1Obligations of the cedent
  2. 4.2Obligations of the reinsurer
  3. 4.3Claims payment and deadlines
  4. 4.4Balance offsetting
  5. 4.5Breach and its remedies
  6. 4.6Insolvency of one of the parties
  7. 4.7Assignment of the contract and novation
  8. 4.8Limitation of actions
  9. 4.9Burden of proof
  10. 4.10Practice: analysis of a breach
  1. 5.1Negotiation and settlements
  2. 5.2Mediation in reinsurance
  3. 5.3Arbitration and its prevalence
  4. 5.4Appointment of arbitrators and procedure
  5. 5.5Expert evidence in arbitration
  6. 5.6Award and its enforcement
  7. 5.7Court litigation and its particularities
  8. 5.8Cost and duration of the dispute
  9. 5.9Effect on the commercial relationship
  10. 5.10Practice: strategy in the face of a dispute
  1. 6.1Choice of treaty and context
  2. 6.2Analysis of the applicable legal framework
  3. 6.3Critical review of the wording
  4. 6.4Identification of legal risks
  5. 6.5Proposal for improved drafting
  6. 6.6Documentary protocol
  7. 6.7Dispute resolution strategy
  8. 6.8Team training plan
  9. 6.9Analysis report
  10. 6.10Defence of the work
Methodology, software & labs

How you'll learn

100 % online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: Students progress at their own pace within the intake, which makes it possible to combine with work.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is aranzadi institutions, vLex, Microsoft Word (Version Comparison), Advanced Excel, in free, academic or evaluation versions. Practical work is based on real procedures for analysis reinsurance slips and wordings, a simulated reinsurance arbitration, and review of critical clauses in standard contracts. Assessment is continuous per module plus the final capstone project.

Accredited laboratories(EN ISO/IEC 17025) with a rotor test rig, EMC/Lightning pre-compliance, HIL/SIL, vibration/acoustics.
Evidence-oriented Master's Thesis:safety case, test plan, compliance dossier and operational limits.
Industry mentoring:lecturers with experience in training, , eVTOL/UAM and flight test.
Flexible format(hybrid/online), international cohorts and support from SEIUM Career Services.
Ethics and safety:a safety-by-design approach, ciber-OT, DIH and compliance as pillars.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Choice of treaty and context

Define the legal nature of the reinsurance contract and how it differs from direct insurance.

Analysis of the applicable legal framework

Analyse contract formation, the slip, the wording and contractual documentation.

Critical review of the wording

Interpret critical clauses such as follow the fortunes, follow the settlements, aggregation and insolvency.

Identification of legal risks

Determine the applicable law and jurisdiction in international reinsurance contracts.

Proposal for improved drafting

Evaluate the disclosure and compliance obligations arising from supervisory regulation.

Career opportunities

Where this takes you

Lawyer specialising in insurance and reinsuranceReinsurance contracts technicianCompliance officer at reinsurersReinsurance brokerLegal adviser to insurersReinsurance claims handler
Admissions & scholarships

Requirements

  • No prior qualification required.
  • Internet connection and a computer capable of running the programme's software.
  • Sufficient Spanish to follow technical regulatory reading.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

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FAQ

Frequently asked questions

The programme totals 300 hours spread over 3 to 5 months. That is between 10 and 15 hours a week on average, compatible with a full-time job.

Work is carried out with Aranzadi Institutions, Vlex, Microsoft Word (Version Comparison) and Advanced Excel. Free, academic or evaluation versions are used, and the tutor indicates the free alternative where one exists.

SEIUM's own diploma upon passing continuous assessment and the capstone project. It is in-house training, not an official qualification from the Ministry.

Yes. Modules passed in a Course or Postgraduate Diploma in the same area are credited towards the higher-level programme. Check the credit recognition policy when you enrol.

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