Question
a.
A basis under which reinsurance is provided for all claims from the ceding insurers underlying policies incepting during the period of the reinsurance contract
b.
A basis under which all claims occurring during the period of the treaty, irrespective of when the underlying policies incepted, are covered
c.
A basis under which the reinsurer only covers specific types of risks
d.
A basis under which the reinsurer only covers risks in a specific geographic area
Posted under IC85 Reinsurance Management
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Q. What is a risk-attaching basis?
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Q. What is loss-occurring basis?
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Q. What is included in the treaty as a document of agreement?
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Q. Why are descriptions such as “all classes of business transacted in the fire department” not readily accepted in treaties?
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Q. What is listed in the treaty regarding territorial scope?
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Q. Why might a reinsurer exclude certain risks from a treaty?What is a bordereaux?
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Q. How often is a bordereaux typically submitted to the reinsurer?
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Q. Which of the following is NOT included in the reinsurance premium?
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