Question

What do reinsurance treaties mainly cover?

a.

Policy terms and conditions

b.

Liability of the reinsurers in cases of claims

c.

Underwriting philosophy, rules, procedures, and processes

d.

All of the above

Posted under IC22 Life Insurance Underwriting

Answer: (d).All of the above Explanation:Reinsurance treaties mainly cover the provisions and conditions with respect to different types of reinsurance, liabilities of the reinsurers in cases of claims, policy terminations, changes or increases in risk classification, claim related matters, errors and omissions clause, dispute resolution methodology, and forms, manuals, guidelines, and underwriting philosophy with its rules, procedures, and processes.

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