Double Insurance v.

Reinsurance
Double Insurance (Sec. 95)

Reinsurance (Sec. 97)

Involves the same interest

Insurance of different interests

Insurer remains in such

capacity

Insurer becomes an insured in

relation to reinsurer

Insured in the first contract is a Original insured has no interest

party in interest in the second in reinsurance contract
contract
Subject of insurance is property Subject of insurance is the
original insurers risk
Insured has to give his consent

Consent of original insured, not

necessary