Question

What is the significance of following a leader in treaty negotiations?

a.

It ensures proper and responsible contract terms and conditions

b.

It provides guidance in monitoring the ceding insurer's underwriter's activities

c.

Both a and b

d.

None of the above

Answer: (c).Both a and b Explanation:Following a leader in negotiations can be material as it ensures proper and responsible contract terms and conditions and provides guidance in monitoring the ceding insurer's underwriter's activities.

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Q. What is the significance of following a leader in treaty negotiations?

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