Question

When does the provision of "notice of cancellation at anniversary date" typically apply?

a.

Only in case of non-payment of premiums

b.

Only in facultative acceptances

c.

Only in annual reinsurance agreements

d.

In both facultative acceptances and agreements with periods extending beyond one year

Answer: (d).In both facultative acceptances and agreements with periods extending beyond one year Explanation:The provision of "notice of cancellation at anniversary date" is also used in facultative acceptances with periods extending beyond one year.

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Q. When does the provision of "notice of cancellation at anniversary date" typically apply?

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