Question

What is listed in the treaty regarding territorial scope?

a.

The specific locations covered by the treaty

b.

The countries and regions to which the treaty applies

c.

The legal systems and insurance practices prevailing in the countries covered

d.

The types of business transacted in the countries covered

Posted under IC85 Reinsurance Management

Answer: (b).The countries and regions to which the treaty applies Explanation:The areas of the world to which the treaty applies are listed. Where treaties are on a ‘worldwide’ basis, the United States of America and Canada exposures are usually excluded because of the different legal systems and insurance practices prevailing in those countries.

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Q. What is listed in the treaty regarding territorial scope?
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