Question

How is the technical rating of the basis cover determined?

a.

By calculating the pro-rata premium for total loss cover and a suitable extra for the large GA claims

b.

By studying the working exposures and a calculation of the pro-rata premium for total loss cover and a suitable extra for the large GA claims

c.

By adding a further premium on for the shore accumulations

d.

By deriving rates from the claims record

Posted under IC85 Reinsurance Management

Answer: (b).By studying the working exposures and a calculation of the pro-rata premium for total loss cover and a suitable extra for the large GA claims Explanation:The technical rating of the basis cover is determined by studying the working exposures and a calculation of the pro-rata premium for total loss cover and a suitable extra for the large GA claims.

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