Question

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

a.

As soon as he has reason to believe a claim will exceed the retention

b.

When the claim is paid by the insurer

c.

At the end of the contract period

d.

Only for certain types of claims

Answer: (a).As soon as he has reason to believe a claim will exceed the retention Explanation:The reinsured is required to advise his reinsurer as soon as he has reason to believe a claim will exceed the retention.

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

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