Question

What is required to terminate a reinsurance agreement?

a.

Notice of cancellation by either party

b.

Written agreement between the parties

c.

Approval from the regulatory authority

d.

The expiration of the natural term of the agreement

Answer: (a).Notice of cancellation by either party Explanation:Either party shall be at liberty to terminate the agreement by giving not less than 90 days' notice in writing.

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Q. What is required to terminate a reinsurance agreement?

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