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

Posted under IC85 Reinsurance Management

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?
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 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

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

View solution

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

View solution

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

View solution

Q. What is the portfolio withdrawal premium?

View solution

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

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!

Marketing and Marketing Management

Uncover the strategies and tactics of marketing with our Marketing and Marketing...

Professional Communication

Hone your communication skills with our Professional Communication category. Enhance...

Business Statistics

Uncover the power of data analysis with our Business Statistics category. Explore...

Corrosion Engineering

Master the art of preventing material deterioration with our Corrosion Engineering...

Instrumentation Transducers

Master the art of instrumentation and transducers with our specialized category....

Verbal Ability

Hone your language and communication skills with our Verbal Ability category. Enhance...

Mass Transfer

Delve into the science of Mass Transfer with our specialized category. Explore...

Human Anatomy and Physiology

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

Automotive Engine Design

Embark on a thrilling exploration of Automotive Engine Design, where the intricacies...