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.

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