Question

Where should notices of termination be addressed?

a.

To the party's head office

b.

To the party's designated address

c.

To the regulatory authority

d.

To the party's legal representative

Posted under IC85 Reinsurance Management

Answer: (a).To the party's head office Explanation:Notices of termination should be addressed to the party concerned at its head office or at any address previously designated by that party.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. Where should notices of termination be addressed?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

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

Q. What is the role of the arbitrators and umpire in interpreting the reinsurance agreement?

View solution

Q. What is the advantage of resolving disputes through arbitration in reinsurance agreements?

View solution
View All MCQs on IC85 Reinsurance Management

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!

Enzyme Technology

Unlock the power of enzymes with our Enzyme Technology category. Explore enzyme...

Life Sciences

Delve into the diverse world of life sciences with our specialized category. Explore...

Logical Reasoning

Enhance your logical thinking and decision-making abilities with our Logical...

Mechanics of Materials

Unlock the principles of Mechanics of Materials with our specialized category. Dive...

Cognitive Radio

Step into the dynamic world of Cognitive Radio, where wireless communication meets...

Power Plant Engineering

Embark on a journey through the fascinating domain of Power Plant Engineering, where...

Biology

Dive into the realm of life sciences with our Biology category. Explore the wonders...

Sociology

Gain insights into human behavior and society with our Sociology category. Explore...

IC 92 Actuarial Aspects of Product Development

Sharpen your understanding of actuarial principles in product development with our...