Question

What was the capacity of SWIFT on a Probable Maximum Loss (PML) basis?

a.

US $5 million

b.

US $2 million

c.

US $65 million

d.

None of the above

Posted under IC85 Reinsurance Management

Answer: (b).US $2 million Explanation:SWIFT offered an attractive capacity of US $5 million on sum insured basis and US $2 million on Probable Maximum Loss (PML) basis.

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Q. What was the capacity of SWIFT on a Probable Maximum Loss (PML) basis?
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