Question
a.
A formula used by marine underwriters to determine premium rates
b.
A formula used by marine reinsurers to determine premium rates
c.
A formula used by marine underwriters and reinsurers to determine premium rates
d.
A formula used by marine insurers to determine premium rates
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 Joint Hull Formula?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. What is the major difference between marine insurance and most other non-life classes of insurance?
View solution
Q. Why does a marine underwriter depend on good faith on the part of others?
View solution
Q. What are the two broad categories of hull insurance?
View solution
Q. What is the accumulation of risk in marine cargo insurance?
View solution
Q. What is the insurer concerned with in reinsurance for marine cargo?
View solution
Q. Why is a breakdown of the premium by the age and size of the vessels carrying the cargo important?
View solution
Q. What issue did cargo reinsurers face in regards to war risk cover in the last decade?
View solution
Q. What was the solution to the increased rates and reinstatement terms for war risk cover?
View solution
Q. What is the fundamental difference between the way a marine surplus functions and the way a property surplus functions?
View solution
Q. What is the significance of reinsurance in aviation insurance?
View solution
Q. What is the problem of accumulation of risk in aviation insurance?
View solution
Q. What is the nature of the aviation insurance market?
View solution
Q. What is the purpose of combining hull and liability policies in aviation insurance?
View solution
Q. What is aviation reinsurance?
View solution
Q. What percentage of any aircraft is usually reinsured?
View solution
Q. What is the main problem with accumulation of risk in aviation insurance?
View solution
Q. What is the main form of coverage for airline risks?
View solution
Q. What are the general exclusions that reinsurers make for proportional treaties in aviation insurance?
View solution
Q. What is the annualized basis of life insurance exceeding economic growth in emerging markets over the last 20 years?
View solution
Q. What is the reason for the growing concern for financial protection through life insurance?
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!