Question

What is the usual method of reinsurance for burglary?

a.

Surplus basis

b.

Excess of loss

c.

Proportional

d.

Catastrophe

Answer: (b).Excess of loss Explanation:While burglary is capable of reinsurance on excess of loss basis, the other classes will require substantial premium on excess of loss basis.

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Q. What is the usual method of reinsurance for burglary?

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