Question
a.
Surplus basis
b.
Excess of loss
c.
Proportional
d.
Catastrophe
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. What is the usual method of reinsurance for burglary?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What are some important aspects to consider when analyzing the gross portfolio for marine-cargo reinsurance?
View solution
Q. What are the three types of miscellaneous accident business?
View solution
Q. What is the normal method of reinsurance in the Miscellaneous Department?
View solution
Q. What is the level of retention based on in the Personal Accident business?
View solution
Q. What type of reinsurance is capable of being used for burglary?
View solution
Q. Why is a quota share treaty not a satisfactory solution for insurers?
View solution
Q. What are the two distinct classes of loss exposures?
View solution
Q. How are retentions fixed for smaller and older vessels?
View solution
Q. What is the purpose of a quota share treaty?
View solution
Q. What is the first step in determining the retention that can be supported by the portfolio of the ceding insurer?
View solution
Q. How is excess of loss protection used by insurers?
View solution
Q. How is the extent of cover necessary for excess of loss protection determined?
View solution
Q. Why is it common practice to place excess of loss cover on a per voyage per event basis?
View solution
Q. What is the purpose of splitting the cover into layers in excess of loss cover?
View solution
Q. How is the technical rating of the basis cover determined?
View solution
Q. What is a voyage register used for in the cargo department?
View solution
Q. Why is automatic reinsurance facility essential in designing surplus treaties in the cargo department?
View solution
Q. What is the primary objective in designing surplus treaties in the cargo department?
View solution
Q. What is the purpose of splitting the cover into layers in cargo insurance?
View solution
Q. How is the premium for excess of loss cover determined?
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!