Question

What action should a reinsurer take if they decide to continue the contract after sending a provisional notice of cancellation?

a.

Send a definite notice of cancellation

b.

Withdraw the provisional notice of cancellation

c.

Request a renegotiation of the contract

d.

Continue the contract without any further action

Answer: (b).Withdraw the provisional notice of cancellation Explanation:If the reinsurer decides to continue the contract, the provisional notice of cancellation will be withdrawn.

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Q. What action should a reinsurer take if they decide to continue the contract after sending a provisional notice of cancellation?

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