Question

Which premiums are not included in the reinsurance premium?

a.

Commissions paid by the ceding insurer to agents and brokers

b.

Premiums for any risks excluded from the treaty

c.

both a and b

d.

None of the above

Answer: (c).both a and b Explanation:The premiums for any risks excluded from the treaty and commissions paid by the ceding insurer to agents and brokers are not included in 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 premiums are not included in the reinsurance premium?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is ceding commission?

Q. How is the ceding commission calculated?

Q. What is the purpose of a profit commission?

Q. What is ORC?

Q. What is the definition of reinsurance premium?

Q. What risks are excluded from the reinsurance premium?

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

Q. What is the quota share treaty?

Q. What is profit commission?

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

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

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

Q. When does a proportional treaty begin?

Q. What policies are covered under a proportional treaty?

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

Q. What happens to policies issued or renewed during a treaty period when the treaty is terminated?

Q. What is the liability of the reinsurer under a proportional treaty?

Q. If a loss occurs before the cession is made, what is the reinsurer's liability?

Q. What is the portfolio withdrawal premium?

Q. Are the facilities of portfolio entry premium and portfolio withdrawal premium applicable to marine and aviation reinsurance business?

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!