Question

When is a proposal referred to reinsurers for their decision?

a.

When the policy amount is very large

b.

When the proposal is highly sub-standard

c.

When the reinsurance treaty mandates certain types of risks to be sent to the reinsurers

d.

All of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).All of the above Explanation:A proposal may be referred to reinsurers for their decision when it is highly sub-standard, when the policy amount is very large, or when the reinsurance treaty mandates certain types of risks to be sent to the reinsurers.

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