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Like any contract, you are ultimately responsible for reviewing and making sure you understand the terms, conditions, coverage, limitations and exclusions. The Assured treaty is for an initial term of one year, effective January 1, 2007, subject to renewal, and requires Assured to cede, and RAM Re to assume, a proportionate share of financial guaranty policies written by Assured, subject to limitations and exclusions. All benefits payable are subject to the terms and conditions of the policy, including benefit durations, limitations and exclusions. |
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