Question

What are the factors that affect the rate for excess of loss covers?

a.

Level of excess point

b.

The limit and exposure to the reinsurer

c.

The class of insurance business

d.

All of the above

Posted under IC85 Reinsurance Management

Answer: (d).All of the above Explanation:The factors that affect the rate for excess of loss covers are the level of excess point, the limit and exposure to the reinsurer, the class of insurance business, the exclusions, the underwriting limits of the reinsured, and the past experience of the treaty.

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Q. What are the factors that affect the rate for excess of loss covers?
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