Question

Which of the following is NOT included in the reinsurance premium?

a.

Premiums for any risks excluded from the treaty

b.

Commissions paid by the ceding insurer to agents and brokers

c.

Return premiums due under cancelled policies

d.

All of the above are not included in the reinsurance premium

Posted under IC85 Reinsurance Management

Answer: (d).All of the above are not included in the reinsurance premium Explanation:The premiums for any risks excluded from the treaty and return premiums due under cancelled policies are not included in the reinsurance premium. Commissions paid by the ceding insurer to agents and brokers are also not deducted from the reinsurance premium.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Which of the following is NOT included in the reinsurance premium?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is ceding commission?

View solution

Q. How is the ceding commission calculated?

View solution

Q. What is the factor that determines the level of ceding commission?

View solution

Q. What is the definition of reinsurance premium?

View solution

Q. Which premiums are not included in the reinsurance premium?

View solution

Q. What is ceding commission?

View solution

Q. How is the ceding commission calculated?

View solution

Q. What is the purpose of a profit commission?

View solution

Q. What is ORC?

View solution

Q. What is the definition of reinsurance premium?

View solution

Q. What risks are excluded from the reinsurance premium?

View solution

Q. What is ceding commission?How is the ceding commission calculated?

View solution

Q. What is the quota share treaty?

View solution

Q. What is profit commission?

View solution

Q. What is the formula to calculate profit to the treaty?

View solution

Q. When does the reinsurer's liability begin under a proportional treaty?

View solution

Q. What happens if a loss occurs before the cession was made under a proportional treaty?

View solution

Q. When does a proportional treaty begin?

View solution

Q. What policies are covered under a proportional treaty?

View solution

Q. What is the alternative method for covering corresponding policies in force on the date when a new treaty agreement commences?

View solution
View All MCQs on IC85 Reinsurance Management

Recommended Subjects

Are you eager to expand your knowledge beyond IC85 Reinsurance Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Molecular Biology

Dive into the intricate world of molecular biology with our specialized category....

Enzyme Technology

Unlock the power of enzymes with our Enzyme Technology category. Explore enzyme...

Mechanics of Materials

Unlock the principles of Mechanics of Materials with our specialized category. Dive...

UIDAI Aadhaar Supervisor Certification

Prepare for the UIDAI Aadhaar Supervisor Certification with our specialized category....

Avionics Engineering

Soar into the world of aviation technology with our Avionics Engineering category....

Irrigation Engineering

Master the science of Irrigation Engineering with our dedicated category. Explore...

Data Interpretation

Master the art of data analysis and interpretation with our Data Interpretation...

Biology

Dive into the realm of life sciences with our Biology category. Explore the wonders...

Human Anatomy and Physiology

Embark on a journey through the human body with our Human Anatomy and Physiology...