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What is meant by ‘the ATE Insurance premium is deferred and insured’?

April 26, 2017ate Deferred Insurance meant Premium

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What is meant by ‘the ATE Insurance premium is deferred and insured’?

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This is when the premium is not payable until the case has concluded and insured (written off or deemed not to be due) if the case is unsuccessful. Put another way, it is only payable if the case is successful and in such a scenario it should be recoverable from the losing Opponent.