Question

What is the definition of reinsurance premium?

a.

A percentage of the original premium paid by the insured to the reinsurer

b.

The premium paid by the ceding insurer to the insured

c.

The premium paid by the reinsurer to the ceding insurer

d.

The premium paid by the insured to the ceding insurer

Answer: (a).A percentage of the original premium paid by the insured to the reinsurer Explanation:The reinsurance premium is a percentage of the original premium paid by the insured to the reinsurer.

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Q. What is the definition of reinsurance premium?

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