Question

What is the insurer concerned with in reinsurance for marine cargo?

a.

Accumulation of risks per vessel

b.

Accumulation of risks per consignment

c.

Accumulation of risks per country

d.

Accumulation of risks per mode of transportation

Answer: (a).Accumulation of risks per vessel Explanation:For reinsurance, an insurer is concerned with accumulation of risks per vessel. This implies that a voyage register should be maintained with one folio for every voyage and all commitments in respect of that voyage recorded thereon.

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Q. What is the insurer concerned with in reinsurance for marine cargo?

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