Question

What does the Rate on Line indicate?

a.

The market price for the cover

b.

The consistency of rating between various covers

c.

The amount of premium paid by the reinsurer

d.

The number of years since the last claim

Posted under IC85 Reinsurance Management

Answer: (b).The consistency of rating between various covers Explanation:The Rate on Line assists the reinsurer to judge rating consistency as between various covers that he quotes.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What does the Rate on Line indicate?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. What is an Incurred But Not Reported (I.B.N.R.) claim?

View solution

Q. What are the main factors in rating a catastrophe cover?

View solution

Q. What is the burning cost method of rating?

View solution

Q. How is the rate of premium agreed upon in the burning cost method?

View solution

Q. What is the payback method used for?

View solution

Q. What is the Rate on Line used for?

View solution

Q. What are the main factors in rating a catastrophe cover?

View solution

Q. What is the payback method in catastrophe modeling?

View solution

Q. What is the basis for rating working excess of loss treaty?

View solution

Q. What is the formula for calculating pure burning cost?

View solution

Q. What are the main factors in rating a catastrophe cover?

View solution

Q. What is the payback method used for?

View solution

Q. What is the basis for rating working excess of loss treaty?

View solution

Q. What is the purpose of reinstatement provisions?

View solution

Q. What is the purpose of reinstatement provisions?What is the purpose of a reinstatement provision in non-proportional treaties?

View solution

Q. Which type of covers typically have reinstatement provisions?

View solution

Q. How is the additional premium for reinstatement calculated?

View solution

Q. What is the scope of a claim falling under a treaty?

View solution

Q. What is the purpose of excess of loss reinsurance?

View solution

Q. When is the reinsured required to advise the reinsurer of a potential claim?

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!

Bioinformatics

Unlock the power of data analysis in biology with our Bioinformatics category....

Verbal Ability

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

IC 14 Regulations of Insurance Business

Prepare for the IC 14 Regulations of Insurance Business exam with our focused set of...

Sociology

Gain insights into human behavior and society with our Sociology category. Explore...

Foundation Engineering

Master the principles of Foundation Engineering with our specialized category....

Biology

Dive into the realm of life sciences with our Biology category. Explore the wonders...

Analytical Instrumentation

Dive into the world of precise measurements with our Analytical Instrumentation...

Concrete Technology

Welcome to Concrete Technology, a category that unravels the secrets behind the...

Corrosion Engineering

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