Question
a.
In case of insolvency of the reinsurer
b.
If the reinsurer fails to provide required reports
c.
If postal and telegraphic communications are disrupted due to war
d.
If there is a change in the reinsurer's ownership
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. In what situation can the insurer terminate the agreement without notice?
Similar Questions
Explore Relevant Multiple Choice Questions (MCQs)
Q. Under what circumstances can either party terminate the agreement immediately?
View solution
Q. Where should notices of termination be addressed?
View solution
Q. Under what circumstances can the insurer make the termination effective retroactively?
View solution
Q. What is the purpose of the "notice of cancellation at anniversary date" provision?
View solution
Q. When does the provision of "notice of cancellation at anniversary date" typically apply?
View solution
Q. What does the reinsurer continue to do during the term of notice of cancellation?
View solution
Q. What is the purpose of sending a "Provisional Notice of Cancellation" (PNC) by reinsurers?
View solution
Q. What action should a reinsurer take if they decide to continue the contract after sending a provisional notice of cancellation?
View solution
Q. Under what circumstances can a reinsurance agreement be automatically terminated?
View solution
Q. What is the purpose of a "Sudden Death Clause" in a reinsurance contract?
View solution
Q. Under what circumstances can the reinsurance agreement be altered?
View solution
Q. What is the purpose of the "Insolvency of other reinsurers" clause in a reinsurance agreement?
View solution
Q. What is the purpose of the "Access to records: Inspection by reinsurer" clause in a reinsurance agreement?
View solution
Q. When can the reinsurer's right to inspect records be restricted to an appointed representative?
View solution
Q. What is the purpose of the "Errors & omissions" clause in a reinsurance agreement?
View solution
Q. What is the role of the broker in reinsurance transactions?
View solution
Q. What is the effect of the intermediary clause in a reinsurance agreement?
View solution
Q. When is the intermediary clause not used in a reinsurance agreement?
View solution
Q. What is the purpose of including an arbitration clause in a reinsurance agreement?
View solution
Q. How are arbitrators and umpires appointed in the arbitration process?
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!