Question

In which type of reinsurance, the principle of "uberrima fides" is of utmost importance?

a.

Automatic reinsurance

b.

Facultative reinsurance

c.

Both

d.

None of the above

Posted under IC85 Reinsurance Management

Answer: (a).Automatic reinsurance Explanation:In automatic (or obligatory) reinsurance, the principle of "uberrima fides" is of utmost importance.

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Q. In which type of reinsurance, the principle of "uberrima fides" is of utmost importance?
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