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the s korean gov't proposed a railway safety(anti terror) insurance to
local unsurers.
the requirement: 70%+ covered by re-insurers(a.m.best A- or higher)
the gov't rejected a bid by one of the participants(CO)
the reason:
a signature of a reinsurer on paper A is different from that of the
same resinsurer on paper B. therefore
some of insurers made no signature, resulting in 55% coverage lower
than 70%
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1>> the CO regards the absence of RE's signatures as an accepted
custom in the insurance business. is it right?
2>> when a CO produces papers on the same project, the signature of a
3rd-party *must* be the same all through the project?
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