Question

What is the maximum percentage of all premium ceded overseas that can be received by one reinsurer rated as per regulations?

a.

10%

b.

20%

c.

30%

d.

None of the above

Answer: (a).10% Explanation:The reinsurance programme needs to be approved by the IRDA and is subject to monitoring for placements with no one reinsurer rated as per regulations, receiving cessions equal to or not exceeding 10% of all premium ceded overseas, subject to a maximum of 20%.

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Q. What is the maximum percentage of all premium ceded overseas that can be received by one reinsurer rated as per regulations?

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