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?

View solution

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

View solution

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

View solution

Q. What is the quota share treaty?

View solution

Q. What is bordereaux?

View solution

Q. What is surplus reinsurance?

View solution

Q. What is proportional reinsurance?

View solution

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

View solution

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?

View solution

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

View solution

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

View solution

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

View solution

Q. What is a surplus treaty?

View solution

Q. What is a quota share treaty?

View solution

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

View solution

Q. _________________ is a general practice under surplus treaties where the ceding insurer provides the reinsurers with a list detailing the risks ceded to the treaty.

View solution

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

View solution

Q. What is the portfolio withdrawal premium?

View solution

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

View solution

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

View solution