Question
a.
Because reinsurance operations are easily controllable by the supervisory authority
b.
Because tax can be levied on several components of reinsurance operations
c.
Because the reinsurer must work on as wide a basis as possible
d.
Because several reinsurance companies have suffered setbacks through deficient organization
Posted under IC85 Reinsurance Management
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Why is the acquisition and underwriting results of a reinsurance insurer directly dependent on its quality?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is the principle on which the relationship between the insurer and reinsurer is based?
View solution
Q. Which type of reinsurance is based on the principle of "Uberrima fides"?
View solution
Q. What is the meaning of the term "Uberrima fides"?
View solution
Q. What happens when the ceding insurer is in financial difficulties or insolvent?
View solution
Q. What risks does the reinsurer run by granting cover to as many companies as possible?
View solution
Q. What is the principle that the relation between insurer and reinsurer is based on?
View solution
Q. In which type of reinsurance, the insurer has to provide the reinsurer with all information he needs to evaluate the risk correctly?
View solution
Q. In which type of reinsurance, the principle of "uberrima fides" is of utmost importance?
View solution
Q. What is the situation when a reinsurer is insolvent?
View solution
Q. The relation between the insurer and the reinsurer is based on the principle of______________.
View solution
Q. What is reinsurance?
View solution
Q. What is the relationship between reinsurance and insurance?
View solution
Q. What determines the amount of reinsurance business that can be transacted?
View solution
Q. When did the idea of reinsurance first emerge?
View solution
Q. What was the first known reinsurance contract in marine insurance?
View solution
Q. When was the first reinsurance contract in fire insurance business concluded?
View solution
Q. What is the significance of reinsurance in the business of insurance?
View solution
Q. What is the idea behind reinsurance?
View solution
Q. When was the oldest known reinsurance contract in marine insurance concluded?
View solution
Q. When was the Swiss Reinsurance Company established?
View solution
Recommended Subjects
Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.
Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!
