2.
1.
2.
3.
4.
The Corporation shall operate as a professional reinsurer accepting business from the insurance markets in member States as well as other markets or the region and elsewhere, and shall retrocede its surpluses after net retention with priority given
to the national insurance and reinsurance markets of the member
States.
The Corporation shall invest a sizeable proportion of its funds within the region, provided that such investments meet with the requirements of sound insurance techniques.
The Corporation shall also serve as regional centre for the
collection of insurance information and the development of
expertise in insurance and reinsurance, to be put at the disposal
of the national insurance markets of the member States.
The Corporation shall provide technical assistance to the national
insurance markets of the amber States.
PART ONE : General Provisions
Article I : Name, Form and Status
1. The Asian Reinsurance Corporation (hereinafter referred to as the Corporation) shall be an inter-governmental body empowered to transect reinsurance business in conformity with the provisions of the
present Agreement.
2. The Corporation shall possess legal personality and, in particular full capacity to contract, to acquire, hold and dispose of property, and to institute legal proceedings.
3.
In its relations with the Governments of member States the
Corporation shall benefit from a special status as defined by the present Agreement and by a A and B which form an integral part of the present Agreement.
4. In its relations with ceding insurance companies and, in general, those
arising out of the transection of the nomai
Amatinne the CavKARA
tion shall be subject to appropriate national legislation and to the jurisdiction of national judicial and administrative authorities.