Participants should not discuss specific policy terms in GRA settings.
Policy terms may include limits, deductibles, retentions, exclusions, endorsements, conditions, warranties, attachment points, triggers, claims procedures, definitions, coverage grants, sublimits, coinsurance, reinstatements, cancellation rights, renewal rights, governing law, dispute resolution, or policy wording.
GRA may discuss general insurance-readiness concepts, such as the importance of exposure data, asset schedules, resilience measures, loss prevention, risk engineering, and clarity of insured values. It may also discuss at a high level that different risk-transfer structures require careful legal and technical review.
But it should not become a policy negotiation or policy design forum for specific risks.
If policy terms are relevant to a real insurance transaction, they belong outside GRA with the insured, broker, insurer, reinsurer, counsel, and authorized parties.
GRA can help identify what questions need to be asked. It does not negotiate policy terms.
