Q. What is the purpose of a limit in a reinsurance treaty?

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Q. What is a quota share treaty?

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Q. What is a surplus treaty?

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Q. Can quota share and surplus methods be used together in a reinsurance treaty?

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Q. What is the difference between net and gross lines in surplus treaty agreements?

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Q. In a combined quota share and surplus treaty, what is the purpose of the ceding insurer's retention under the quota share treaty?

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Q. When arranging a surplus treaty agreement in conjunction with a quota share treaty, why is it important to determine whether the surplus treaty is based on net or gross lines?

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Q. _____________ is an automatic reinsurance agreement whereby the ceding insurer is bound to part with a fixed percentage of every risk written by it.

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Q. What is proportional reinsurance?

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Q. What is surplus reinsurance?

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Q. What is bordereaux?

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Q. What is the quota share treaty?

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

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Q. In surplus reinsurance, a ceding insurer’s retention is known as ___________.

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Q. In which of the following methods does the percentage of retained sum insured vary for different limits of sums insured and reduce with increase in the limit of sum insured?

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Q. Which of the following details are not included in a list of bordereaux?

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Q. In the Treaty, as a ‘document of agreement’, which of the following countries are normally excluded while listing territorial scope?

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Q. Which of the following is incorrect with respect to reinsurance premium?

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