Question
a.
Yes
b.
No
c.
May be Yes or No
d.
Can't say
Posted under IC85 Reinsurance Management
Interact with the Community - Share Your Thoughts
Uncertain About the Answer? Seek Clarification Here.
Understand the Explanation? Include it Here.
Q. Is the present reinsurer relieved of liability if the original policy was issued before the inception date of the present contract, and while another excess of loss treaty was in...
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Under the “losses occurring” basis, is the reinsurer liable for losses occurring after the contract ends, although the original policy may remain in force?
View solution
Q. What is the merit of the “losses occurring” basis?
View solution
Q. What are the two methods used for determining which claim falls within the scope of the excess of loss cover?
View solution
Q. What is the "loss occurring" basis used for in excess of loss contracts?
View solution
Q. What is the "risk attaching" basis used for in excess of loss contracts?
View solution
Q. Under which basis do claims under policies issued or renewed during the contract period are covered no matter in which year they may occur?
View solution
Q. What are the defects of the "risk attaching" basis?
View solution
Q. What are the defects of the "risk attaching" basis?What is the purpose of the specimen slip?
View solution
Q. Which of the following is correct with regards to catastrophe cover?
View solution
Q. What does excess of loss - Catastrophe cover protect the reinsured against?
View solution
Q. Which method mitigates the impact of an unbearable net loss ratio?
View solution
Q. What does Aggregate excess of loss cover protect against?
View solution
Q. What does Whole Account Excess of Loss cover protect?
View solution
Q. What is the purpose of Umbrella excess of loss cover?
View solution
Q. What does non-proportional reinsurance protect?
View solution
Q. What happens to the cover in a non-proportional reinsurance after payment of loss?
View solution
Q. In case of Excess of Loss – Working (per risk), insurance protection is sought by the ceding reinsurer for ___________.
View solution
Q. Which of the following covers is sought for protection against an aggregation of losses arising from a common event such as flood?
View solution
Q. ________________ is a method that mitigates the impact of an unbearable net loss ratio.
View solution
Q. Which of the following covers is installed to assist to cover any gap in the various reinsurance arrangements made by a reinsured?
View solution
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!
