Question

Which aspect must be clearly stated in the "Business Covered: Insuring clause non-proportional" clause for layered excess of loss cover?

a.

The reinstatement provision for each layer

b.

The overall limit of liability for all layers

c.

The position of the reinsurers for each layer

d.

The deductible for each layer

Answer: (c).The position of the reinsurers for each layer Explanation:The "Business Covered: Insuring clause non-proportional" clause must clearly state the position of the reinsurers for each layer in the case of layered excess of loss cover. This ensures clarity regarding the responsibilities and liabilities of the reinsurers for each specific layer.

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Q. Which aspect must be clearly stated in the "Business Covered: Insuring clause non-proportional" clause for layered excess of loss cover?

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